Suez Canal cancels rebates for LNG vessels – The National
Suez Canal cancels rebates for LNG vessels – The National
Rebates on transit fees granted by the Suez Canal Authority to vessels carrying liquefied natural gas have been cancelled, the authority said on Monday in a document released on its website.
The previously agreed markdown of 15 per cent will from Tuesday no longer be implemented, the SCA said.
Toll rebates granted to LNG-carrying ships traversing the canal have been on a steady decline since 2014, when the rate was 35 per cent. The rebate rate was decreased to 25 per cent in 2015 amid rising oil prices that increased demand for natural gas in key markets.
Select Sector 
Select Country 
