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Suez fails to win back USEC-Far East backhauls from old Cape route
THE Suez Canal Authority's (SCA) offer of a 30 per cent toll rebate to recoup traffic from ships back-hauling via the Cape of Good Hope has failed to attract carriers, reports Alphaliner.
Applicable to backhaul legs from the US east coast or Caribbean sectors to Asia, the discount has failed bring carriers back to the Suez Canal.
The 30 per cent rebate targets ships departing from New York, or from ports south of New York, starting from March 7 to Port Kelang, or other ports east of Port Kelang, without intermediate calls.
This rebate is valid for a period of 90 days, or until June 5 , after which SCA will decide on a possible extension. The toll rebate aims at countering the effects of the low fuel prices that have prompted carriers to route their Asia-USEC ships via the Cape route on return legs instead of paying tolls.
The increased sailing distance is compensated by higher vessel speeds, so that the rotation durations are not affected. The detour is a viable option on the backhaul legs that are less transit time sensitive than headhaul legs, which still retain their Suez or Panama Canal transits.
Applicable to backhaul legs from the US east coast or Caribbean sectors to Asia, the discount has failed bring carriers back to the Suez Canal.
The 30 per cent rebate targets ships departing from New York, or from ports south of New York, starting from March 7 to Port Kelang, or other ports east of Port Kelang, without intermediate calls.
This rebate is valid for a period of 90 days, or until June 5 , after which SCA will decide on a possible extension. The toll rebate aims at countering the effects of the low fuel prices that have prompted carriers to route their Asia-USEC ships via the Cape route on return legs instead of paying tolls.
The increased sailing distance is compensated by higher vessel speeds, so that the rotation durations are not affected. The detour is a viable option on the backhaul legs that are less transit time sensitive than headhaul legs, which still retain their Suez or Panama Canal transits.
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