Rebates for container ships from American East heading for south/south-east Asia

01 May 2020 / Suez Canal, Egypt

As an encouragement to owners and operators of container ships coming from ports at the East Coast of America and heading to ports ‎at the South and South East of Asia to pass their vessels through Suez Canal, the Suez Canal Authority has decided the following:

I) Amendment of para. 1 & 2 of the “Amendment to circ. (2/2016)” issued on 13/7/2016 to read as follows:
1) Container ships coming from Port of Norfolk and its northern ports and heading to Port Klang and its eastern ports shall be granted a rebate of 60%.
2) Container ships coming from ports at the south of Port of Norfolk and heading to:
a) Port Klang and its eastern ports shall be granted a rebate of 75%.
b) Port of Colombo” and its eastern ports up to “Port Klang” shall be granted a rebate of 65%.

II) The amendment to circ. (2/2016) set by the periodical issued on 5/4/2020 shall remain in force. Which had amended the period of submitting the original rebate ‎documents to 180 days (starts on the following ‎day to the vessel’s transit to Suez Canal) ‎rather than 60 days. Where all rebate ‎documents should be submitted as one ‎package.‎

III) Other paragraphs and articles of circular (2/2016) and its amendment issued on 13/7/2016 shall remain in force.

IV) This periodical shall be applicable to “Containerships” sailing from port of origin from 1st of May 2020 till 30th of June 2020.

(For information about operations in the Suez Canal, contact GAC Egypt at [email protected])

Source: Suez Canal Authority amendment of circular (2/2016), dated 30 April 2020

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.