Feeder vessels carrying Egyptian imports get discount rate
The Suez Canal
Authority (SCA) will extend feeder vessels, with a load capacity of
5,000 tonnes, a discount of up to 30 percent on the charges paid to the
authority, which is valid for six months, Daily News Egypt reported.
The
authority, however, has restricted the discount to vessels that
transport and move containers between Egyptian ports only, and that the
load on vessels is to comprise entirely Egyptian imports.
In its
daily market report, Beltone Financial said the new regulation “aims at
increasing and encouraging import activities by lowering the associated
costs of transportation for importers.”
The move will also
contribute to increasing the physical traffic activity in the canal,
Beltone said.