Oil tankers between northern Europe and Southeast Asia by 48% discount on crossing Suez Canal

A 48 percent discount on the transit fee of giant crude oil tankers was announced by the Suez Canal as it looks to maintain the canal’s status as a critical shipping route.

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.