VOL. XXXIX No. 62 2-December-1996EGYPT

Suez Canal Offers Additional Incentives In 1997 To Ward Off Competition In an effort to ward off competition from other routes and means of transport and to arrest the decline in its income, the Suez Canal Authority (SCA) has decided (a) not to raise the Suez Canal's transit rates in 1997 (see table overleaf) and (b) to offer greater incentives to various categories of vessels using the waterway in the coming year. These incentives include bigger...