US EditionSuez Canal Tries to Woo Back Ships Announcing Discount for Large Boxships
- On May 15, 2025, the Suez Canal Authority began a temporary 15% transit fee discount for containerships of 130,000 net tons or more in Egypt.
- The discount follows a recent study, approved by President Abdel Fattah al-Sisi, aimed at offsetting revenue declines caused by Houthi attacks on Red Sea shipping.
- The Suez Canal, which handles roughly 30 ships daily, saw traffic and revenue plunge with 2024 earnings falling to about $4 billion from $10.3 billion in 2023.
- Chairman Osama Rabie stated the measure lasts 90 days and targets large vessels laden or empty to help restore confidence amid improving Red Sea security.
- The discount aims to attract more ships back to the canal, reaffirming its role as a key global trade route and supporting Egypt’s foreign currency income.
22 Articles
22 Articles
SCZone chairman reiterates keenness on developing co-operation with Maersk - Egyptian Gazette
Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Walid Gamal el Din reiterated on Thursday the economic zone’s keenness on strengthening cooperation with global shipping giant AP Moller Maersk. Gamal el Din gave the remarks during a high-level meeting with company executives led by Camilla Jain, Vice President of Public Policy and Regulatory Affairs. The meeting focused on exploring new avenues for cooperation in areas…
The Suez Canal Authority announced a 15% discount on transit fees for net cargo equal to or greater than 130,000 tons.
Suez Canal Authority urges Maersk to resume transits amid improved Red Sea security
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), met on Wednesday with a senior delegation from A.P. Moller–Maersk Group to explore opportunities for renewed cooperation and a potential resumption of canal transits. The meeting, held at the SCA headquarters in Ismailia, came as part of Maersk’s official visit to Egypt. The
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