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Suez Canal reduces its LNG carrier transit fees for a three-month period

LNG
Posted: April 6, 2020 at 12:45 pm   /   by   /   comments (0)

Suez Canal cuts LNG carrier tolls: Suez Canal Authority has decided to adjust the rates for LNG carriers for a three-month period starting April 1. 

The authority noted that the liquefied natural gas tankers crossing the Suez Canal will see the regular transit fee cut from 25 to 30 percent.

In addition, LNG carriers, loaded or empty, operating between the American Gulf and regions in the Asian continent are granted rate cuts from 35 to 75 percent.

In its notice, the Suez Canal Authority said that LNG tankers operating between the Arabian Gulf and ports in west India up to the port of Kochi are granted a 35 percent reduction of the Canal’s regular tolls.

Vessels transiting the canal from the ports east of Kochi up to Singapore are getting a 55 percent reduction on regular transit tolls while vessels transiting from the port of Singapore and further to the east get a 75 percent toll reduction.

In addition, LPG carriers operating between the American Gulf and Asian countries are granted a 24 to 75 percent reduction of the regular transit tools.

(Source: LNG World News)

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