Suez Canal - Rebate Update

23 June 2023

The Suez Canal Authority has issued new rebate circulars for Petroleum products & Chemical tankers.

The new periodicals apply to vessels transiting the Suez Canal from July 1st, 2023.

Circular no. 2/2023 concerns laden "Petroleum Products Tankers" operating from the US Gulf (from Miami) and the Caribbean (north of San Andres Island) to:

• West Coast India (from Port of Karachi until Cochin Port) - 20%
• Ports east of Cochin port up to Port Klang - 60%
• Port Klang and its Eastern Ports (Far East Area) - 75%

Circular no. 3/2023 concerns "Chemical & Other Liquid Bulk" Tankers (Laden/Ballast) operating from:

East Coast of North America (ports located at the North of Miami) to:

• Eastern ports to the port of (Cochin) up to (Port Klang) - 15%
• Port Klang and its eastern ports - 25%

US Gulf (from Miami), Caribbean, South America to:

• West Coast India (from Port of Karachi until Cochin Port) - 25%
• Ports east of Cochin port up to Port Klang - 55%
• Port Klang and its Eastern Ports (Far East Area) - 75% Additionally, 3 new rebates have been added, 4 rebates have been amended and 24 rebates have been extended for another 6 months.

Inchcape Shipping Services press release