# Suez Canal Extends Arrangement for VLCCs | World Maritime News

> The Suez Canal Authority extended until December 31, 2017 its arrangement for very large crude carriers that transit the canal after partly discharging at SUMED. The lumpsum fees are $155,000 for southbound VLCCs and $230,000 for ballast returns.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: logistics · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/73388-suez-canal-extends-arrangement-for-vlccs-world-maritime-news
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The reduced-fee arrangement makes some crude tanker routings through Suez cheaper, which can marginally affect tanker freight and crude flows. The effect on feed-relevant prices is minor.

## Sources

- worldmaritimenews.com: https://worldmaritimenews.com/archives/209192/suez-canal-extends-arrangement-for-vlccs/

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