The Suez Canal Authority's Circular No. 2/2023 marks a significant update in transit dues and rebate policies for laden "Petroleum Products" tankers. This policy adjustment aims to foster maritime trade efficiency.
Revised Transit Dues and Rebate System
- Specific Routes and Rebates: The circular details revised transit dues and specific rebate percentages for laden "Petroleum Products" tankers on various global routes.
- Objective: These changes are designed to attract more maritime traffic through the Suez Canal, enhancing its competitive edge.
Impact on Global Maritime Trade
The updated policy is expected to influence global shipping patterns, potentially redirecting a significant number of tankers through the Suez Canal.
For more information, please see the document below (available only to subscribers):
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