FILE - Head of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish
CAIRO - 18 October 2018: Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish on Thursday issued a decision no. 121 of 2018 to reduce docking fees for container vessels and ferries coming from foreign harbors to the East Port Said port.
According the decision, ships laden with more than 50 containers for loading and unloading goods will enjoy a reduction rate by 0.03 percent and with a maximum rate of discount reaching 60 percent, Mamish said in a statement.
The decision comes as part of ongoing efforts to stimulate the movement of ships and enhance trading in transit containers at the Port Said harbor in coordination with the bodies concerned, notably the Ministry of Transportation, he added.
Vessels laden with 30,000 to 80,000 tons of commodities will have a reduction rate of 30 percent, while the ships carrying a shipment of commodities starting from 90,000 tons and above will be given a discount rate of 40 percent, he noted.
Meanwhile, ships laden with a shipment of less than 80,000 tons of goods will enjoy a reduction rate of 30 percent, while the vessels carrying more than 80,000 tons of goods will be offered a discount of 40 percent, he clarified.