- The SCA pays 8% toll rebate to car carriers from northwest Europe to East Asia as it seeks to draw shippers from the Cape of Good Hope.
- Car carrier transits through the canal fell by one third from January to June.
The Suez Canal Authority (SCA) announced that vehicle carriers from ports in Northwest Europe heading to Singapore and ports eastwards will be granted an 8% rebate on canal tolls, reports Seatrade Maritime News.
Vessels may not call at intermediate ports to qualify for the rebate, which runs from July 1 to September 30.
Longer backhaul
This is the newest in a series of rebates announced by the Suez Canal which has seen vessels diverting to the longer backhaul to Asia via the Cape of Good due to low bunker fuel prices making the longer route more cost effective than paying tolls to use the canal.
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Source: Seatrade Maritime News
