Suez Canal to Reduce Rebates on Tolls for LNG Carriers

Egypt's Suez Canal will reduce rebates on canal tolls for liquefied natural gas carriers from Jan. 1 till June 30, the canal authority said in a circular published on its website on Tuesday.

The rebates to LNG tankers operating between the American Gulf, ports South of the American Gulf, and the Gulf and ports at west of India till Kochi port will have a rebate of 30% of Suez Canal normal tolls, while eastern ports to Kochi port up to Singapore will have a rebate of 55%, and Singapore ports and its eastern ports will have a rebate of 70%.

(Reporting by Nayera Abdallah and Moataz Mohamed; Editing by Jon Boyle)