Fixed rebates on fees for vessels transiting the Suez Canal have been adjusted with container ships, bulk carriers and LPG carriers set to get less money back on repeat voyages over the next six months.
The Suez Canal Authority (SCA) announced falls of between 5% and 10% for bulk carriers travelling from either the US or Australia through the waterway.
The rebate rate for container ships heading east through the waterway was axed by 10%.
Rebates for LPG carriers moving cargoes from the US eastbound through the Suez Canal will be cut by between 4% and 5%, depending on their destination.
But rebate levels for crude oil tankers were maintained.
On Tuesday the SCA slashed rebates for LNG carriers by 5% on two routes, Leth Agencies detailed, while maintaining the rate on a third.
Those following the SCA traffic and its advisory notices said the rebate cuts are likely to reflect that both the boxship and bulker sectors have seen strong markets during 2021, with LPG carriers also catching the wave later in the year.
In contrast, the market has proved weak and flat for tankers with some gloomy forecasts being touted for these vessels in 2022.
The new rate percentages advised by the SCA will hold through until the 30 June 2022, the authority said.
The SCA reviews its rebates either once or twice a year.
The authority's planning and research department collects information to feed into the reviews, and rates are discussed by its fixed rebate and long haul rebate committees.
