Politicians: Reducing the shipping fees for the Suez Canal enhances the competitiveness of the navigation corridor globally
Political and party leaders confirmed that the reduction of ship crossing fees in the Suez Canal enhances the competitiveness of the global navigation corridor and supports the global trade movement. Pointing out that this decision comes in response to the requirements of many customers from the owners and operators of the container ships, and in an effort to encourage the major navigation lines to return to cross from the Suez Canal again, appreciating the efforts made by the Egyptian political leadership and the Suez Canal Authority to contain the navigation crisis in the Red Sea, noting that the current stage requires strengthening cooperation tools with global institutions.
He added & quot; Al -Lamaa & quot, that the decision includes reducing fees for containers with a net load of 130 thousand tons or more (loaded or empty) starting from Thursday, stressing that the Suez Canal was affected during the past months with the repercussions of security tensions in the Red Sea, which prompted many major navigation lines to divert the path of its ships, which led to a noticeable decrease in the number of transit ships and the revenues achieved to retreat to more than 60 % during 2024.
The head of the Port Said Navigation Chamber indicated that these challenges in front of the Suez Canal Channel required a quick move to preserve the competitive channel site and encourage the return of ships to the Egyptian navigation corridor, stressing that the decision to reduce it with a message of reassurance to the international navigation community that Egypt is closely following the developments of the global scene, and moves with flexibility and professionalism to support its partners Among the maritime transport companies, also calling for a study of the possibility of a partnership with one of the companies specialized in maritime insurance, as well as the invitation to organize a global conference through which the authority established messages of reassurance to ship owners and major shipping companies, which reflects positively on the transit movement and supports the stability of global supply chains. Noticeable success in attracting foreign investments directly, as the total investments in the region amounted to about 8.3 billion dollars, and contributed to the equivalent of 1.5 billion dollars in Egyptian exports, given that it adopts an ambitious strategy to develop and modernize the marine and logistical services system provided to its customers, and seeks to open up to hold partnerships with major international companies in the various maritime fields.
Captain Mahmoud said Jabr, Deputy Chairman of the Congress Party and Cairo Secretary, The decision issued by the Suez Canal Authority regarding the provision of incentives and discounts of 15% of the graphics of container ships starting from today for a period of 90 days, represents a smart and flexible response to global variables, and enhances the economic feasibility of the Egyptian navigation corridor in light of the intense competitiveness between alternative corridors. The decision embodies the strategic vision of the authority in developing and updating the system of logistical and marine services provided to customers, in a way that enhances the competitiveness of the channel as a global navigation pass is capable of keeping pace with the rapid transformations in the maritime transport industry, stressing that the pre -emptive in providing incentives, in light of the relative stability and calm witnesses that contribute to enhancing the opportunities for the return of the shipping movement to normal Gradually. In the Red Sea region, to enhance Egypt’s position as a global center for marine and logistical services.
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