Suez Canal's New Tariff Policy: Circular No. 3/2023 Breakdown

The Suez Canal Authority's Circular No. 3/2023 introduces updated transit dues and rebates for Chemical and Other Liquid Bulk Tankers, signifying a strategic move to enhance maritime trade efficiency through the canal.

Revised Tariff Structure

The circular details a revised tariff system, offering specific rebate percentages for tankers operating between designated global ports and regions. This move is aimed at optimizing transit costs and encouraging more vessels to utilize the Suez Canal.

Key Routes and Rebate Percentages

• American Gulf to Eastern Ports: Notable rebate offers are made for routes starting from the American Gulf to Eastern ports, including India.
• East Coast of North America: Additional rebates are outlined for routes from the East Coast of North America to Eastern ports.

Impact on Global Maritime Trade

These changes reflect the Suez Canal Authority's commitment to maintaining its status as a vital global maritime passage, balancing competitive pricing with operational sustainability.

For more information, please see the document below (available only to subscribers):

Periodical Concerning the Renewal & Amendment of circular (3/2023) Concerning “Chemical & Other Liquid Bulk” Tankers (Laden\ Ballast)