Suez Canal Fees To Remain Unchanged In 2000

Thursday, December 30, 1999
The Suez Canal Authority (SCA) will keep its transit fees unchanged in 2000 for the seventh year in a row. An economic slowdown and fluctuating oil prices were behind the decision to fix the tolls, officials said. The canal, one of Egypt's main foreign currency earners, is facing fierce competition from oil pipelines and other shipping routes. It offered a discount for natural gas tankers of up to 15 percent in July. Officials said that no more cuts will be offered, and added that the discounts have not so far been effective.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Seadrill Hopes to See Market Turn in 2017

Offshore rig driller Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.   Rig rates have more

Eni Arctic Service Rig Extension Okayed

Italian oil company Eni has received permission from Norway's Petroleum Safety Authority to extend the use of a service rig on its troubled Arctic Goliat oil field offshore Norway until Nov.

Oil Spill Statfjord North Sea Field - Statoil

Loading of tankers suspended, unclear when it will resume. Oil spilled into the North Sea during the loading of a tanker at Norway's Statfjord field on Thursday, operator Statoil said.

Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1563 sec (6 req/sec)