# Suez Canal extends discounts for tankers and dry bulk vessels

> The Suez Canal has extended discounts for dry bulk and tanker vessels through the rest of 2020. The discounts aim to bring ships back to the canal after lower fuel prices led many to take the longer route around Africa. The article is largely a summary of the discount extension.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/52539-suez-canal-extends-discounts-for-tankers-and-dry-bulk-vessels
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower canal fees and a return of ships to the shorter route can ease freight costs on Black Sea and Asian grain routes, putting modest downward pressure on delivered prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- shippingwatch.com: https://shippingwatch.com/carriers/article12245184.ece

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.