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Egypt cuts fees for ships arriving at East Port Said

Egypt will reduce the tariffs on container ships and ferries coming from foreign ports to East Port Said for a period of one year, the Suez Canal Authority said in a statement. A 30 percent discount on port, docking and guiding fees will apply for vessels carrying less than 80,000 tonnes while those carrying more than that will receive a 40 percent discount, the statement said. Vessels carrying more than 50 containers will be eligible for a discount of up to 60 percent, but both rates cannot be applied at the same time, it said. The Suez Canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency. Source: Reuters

Suez Canal grants a reduction of 30% for Egyptian container vessels at Port Said port till end of year

As PortNews reports, Suez Canal authority, headed by vice admiral Mohab Mameesh, has issued a circular signed by Eng. Ibrahim ElDesouky, charge’ de affaires of the authority’s locomotion dept. director, stating continuity working with circular number 4/1014 concerning granting Egyptian maritime units, which have internal navigation license and that transport containers from Port Said port to the hub port( East Port Said) and vice versa through the service channel, a reduction of 30% from the crossing dues for a second period that ends by 31/ 12/ 2018 . The circular has also pointed out that the reason after this reduction, extension for Egyptian maritime units, is to encourage containers’ transport from Port Said port to hub port ( East Port said) and vice versa through the service channel.