Egypt’s Suez Canal has introduced a new perk for VLCC owners in order to prevent them avoiding the waterway.
The Suez Canal Authority (SCA) will offer a 45% reduction in transit tolls to tankers of 200,000 dwt and above coming from the Gulf of Mexico, the Caribbean and the north coast of South America.
The new circular took effect on 24 July as an experimental period to be renewed.
VLCC’s
