Suez Canal Announces 48% Discount for Giant Tankers

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A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal Authority Monday, reports EMPC News.

Marketing incentives to attract sub-segments

The reduction applies to oil tankers with a static load of more than 250,000 tons, loaded from ports of northwest Europe to the port of Gibratar and bound for ports of Southeast Asia and the Far East, starting from Port Klang in Malaysia and east thereto.

The discount is part of marketing incentives provided by the Suez Canal Authority to attract sub-segments to cross the canal. The offer is ongoing until May 31, 2021.

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Source: EMPC News