Suez Canal Authority declared a decrease in transit tolls for petroleum products tankers sailing between the US Gulf ports and the Caribbean area on one side and some areas in Asia on the other side.

Discounts are based on the eastern distance of the tanker’s call. The rebate for the transit from Karachi, Pakistan to Cochin, India is 20%, that for the transit from ports located east of Cochin Port until before Port Klang is 60%, and the discount for the transit from Port Klang and its eastern ports is the highest, at 75% of Suez Canal normal tolls.

These discounts are available to vessels sailing during the period from July 1, 2023 to December 31, 2023.