# Suez Canal Authority maintains discounts for vessels from the Americas, Southeast Asia

> The Suez Canal Authority has extended fee discounts for container ships and bulk carriers through June 2020. Bulk vessels on US Gulf, South America and Caribbean routes receive 20-75% reductions, and container ships from the US East Coast to South and Southeast Asia receive 45-65%.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/55975-suez-canal-authority-maintains-discounts-for-vessels-from-the-americas
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower canal fees reduce shipping costs on key grain and oilseed trade lanes, modestly easing ocean freight pressure. The discounts are aimed at attracting traffic and may shift routing economics.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- enterpriseam.com: https://enterpriseam.com/egypt/2019/11/12/suez-canal-authority-maintains-discounts-for-vessels-from-the-americas-southeast-asia/

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