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The Egyptian Government Unveils a Package of Incentives for Shipping Lines

In line with its policy aiming to achieve pricing flexibility ensuring the sustainability of shipping lines operation schedules, the Egyptian Government announced a package of incentives and discounts reaching up to 45% on the fees of navigational aids and lighthouses to reduce the bills of services provided for vessels calling at Egyptian ports and transiting Suez Canal .

The new incentives also include the reduction of formalities and paper works in order to facilitate the procedures of transshipment containers/bunkering.

The new package will also prevent the duplication between any kind of fees concerning transit toll and any other port dues.

It is expected that this initiative will have a significant positive impact on the increase of vessels calling at Egyptian ports and transiting Suez Canal, the development of investments in Egyptian ports.


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