The Suez Canal will extend its discounts for dry bulk and tanker ships to the rest of the year, in an attempt to make the ships use the canal rather than sailing south of Africa. The discounts also apply to LNG and LPG ships, according to notices from the Suez Canal Authority.
The Suez Canal has lost millions of dollars on the low price of ship fuel, which has made container lines such as Maersk, MSC and CMA CGM in particular opt for the longer voyage south of Africa when sailing from Europe to Asia. Alphaliner estimated in May that the company behind the canal had at that point lost USD 10 million.
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