Oil tankers from northwest Europe bound for Southeast Asia, Far East offered 48% discount on crossing Suez Canal

CAIRO – 21 December 2020: A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal Authority Monday.

The reduction applies to oil tankers with a static load of more than 250,000 tons, loaded from ports of northwest Europe to the port of Gibratar and bound for ports of Southeast Asia and the Far East, starting from Port Klang in Malaysia and east thereto.

The discount is part of marketing incentives provided by the Suez Canal Authority to attract sub-segments to cross the canal. The offer is ongoing until May 31, 2021.