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GAC: Suez Canal, Reduction of rates for container ships to continue until year-end

The Suez Canal Authority will extend the terms of its Circular No.2/2016, regarding reduction offered to container ships coming from ports of the East of America heading to South and South-East Asian ports, to remain in force until the end of this year (31 December 2017).

The Circular states that:

  1. Container ships coming from port of Norfolk and its northern ports heading to the ports of Port Kelang and its eastern ports shall be granted a reduction of 45%.
  2. Container ships coming from ports south of port of Norfolk heading to:
    (a) Ports of Port Keland and its Eastern ports shall be granted a reduction of 65%
    (b) Ports of Colombo and its eastern ports located just up to port of Port Kelang shall be granted a reduction of 55%
  3. Reduction rates mentioned above shall be calculated only from the applicable transit tolls as per the table of dues + additional dues of extra tiers of containers.
Source: http://www.gac.com/news--media/hot-port-news-archive/reduction-of-rates-for-container-ships/
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