VOL. XXXIX

No. 16

15-January-1996

EGYPT

SuezCanal Introduces Big Incentive Cuts In 1996 TankerTolls

In a concerted effort to arrest the decline in tanker traffic, the Suez Canal Authority (SCA) has introduced majorcuts in tanker tolls in 1996. Effective 1 January,thetransit rates for crude oil, products and LPG tankers werereduced by 10% compared to the tolls that havebeen inforce since 1 January 1994. For other types of vessels, therates that applied during the past two years will remain...