Suez Canal offers 15% reduction on transit fees
Suez Canal - FILE
CAIRO - 14 May 2025: The Suez Canal Authority has issued incentives and reductions of 15% on the transit fees for container ships with a net tonnage of 130k tons or more starting Thursday for 90 days.
Head of the Suez Canal Authority Osama Rabie said on Tuesday the reductions come in response to the requests of many customers, including owners and operators of container ships, and in an effort to encourage major shipping lines to return to transiting the Suez Canal, given the favorable conditions and relative stability and calm in the security situation in the Red Sea region.
The announcement was made during a visit by Italian ambassador Michele Quaroni to the Suez Canal, in which he praised Egypt's efforts to restore stability in the Red Sea region and its continued call for peaceful solutions to end the causes of conflict and restore peace to the region.
Quaroni expressed Italy's interest in cooperation with the Suez Canal Authority in the construction of naval units and ship maintenance and repair at the authority's shipyards.
He also said Italy is interested in maritime tourism and will encourage Italian yachts to transit the Suez Canal and dock at the canal's marinas instead of going around the Cape of Good Hope.
Meanwhile, Rabie said the Suez Canal Authority keeps pace with the rapid changes in the maritime transport industry and flexibly addresses challenges in the Red Sea region.
The Chairman of the authority explained that the it is is adopting an ambitious strategy to develop and modernize the maritime and logistics services system provided to its customers, and is seeking to open up partnerships with major international companies in various maritime sectors.
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