27-12-2018

Suez Canal Keeps Lower Tolls for Tankers

The Suez Canal Authority (SCA) pays more attention to its users best interest, and has recently taken steps towards to be the safest, most secure, most reliable and most competitive compared to other routes.

Considering the new changes in the global shipping market, and world economy; and in line with the SCA flexible marketing policies, the SCA has extended circulars related to Oil Tankers to another year as follow:

First : circular No (1/2018) stated that :

– Suez Canal Authority has decided that circular no. (1/2018) concerning “Crude Oil” tankers (Laden or Ballast), coming from ports of the US Gulf, Caribbean area and Latin America heading to Asian ports, shall remain in force till the 31st of December 2019 after amending (para 1 and 2 of “Article One”) of the circular to read as follows:

1. “Crude Oil” tankers (laden or ballast) coming from (or heading to) ports of the US Gulf, Caribbean area heading to (or coming from):

a) Ports West of Indian subcontinent (starting from Karachi till Cochin) shall be granted a reduction of 50% of the Suez Canal normal tolls.

b) Ports located East of Cochin port shall be granted a reduction of 75% of Suez Canal normal tolls.

2. “Crude Oil” tankers (laden or ballast) coming from (or heading to) ports of Latin America Starting from Colombia (San Andres Island- Latitude 12o 34′ 40” N) and its southern ports heading to (or coming from) the Asian ports starting from Karachi port and its eastern ports shall be granted a reduction of 75% of Suez Canal normal tolls.

– This periodical shall be applicable to “Crude oil” tankers (laden or ballast) sailing from “origin ports” from the 1st of January 2019 till the 31st of December 2019.

Second: Circular No (3/2016) for VLCC extended till 31 /12/2019 and state:

– Concerning VLCC (of more than250,000 DWT) coming from Arabian Gulf, heading to American Gulf or the Caribbean zone on their round trip to transit the Suez Canal after discharging part of their cargo in SUMED pipeline:

1. The VLCCs coming from south is to pay a Lump sum of USD 155,000 (including charges of tugs, charges for arrival after limit time and charges for booking in the convoy).
2. A VLCC is to pay a Lump sum of USD 180,000 on her return ballast trip (including charges of tugs, charges for arrival after limit time and charges for booking in the convoy)

Source: Suez Canal Authority

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