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The Suez Canal refuses piracy discount

Even though discounts can be given on other grounds, the Suez Canal refuses to give shipowners discounts related to the costs of insurance against piracy, says the shipping agent Leth Agencies.

Photo: Josef Polleross

The Egyptian authorities, which run the Suez Canal, refuse to provide piracy-related discounts to ships sailing through the Canal instead of sailing south of Africa. However, because no piracy-related discounts are given, more and more ships choose to forgo the Canal and sail south of Africa despite the risks, explain the shipping agents at Leth Agencies.  

More ships avoid the Suez Canal 

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