Suez Canal Cuts Tolls for VLCCs on US-Arabian Gulf Route

first_imgzoom The Suez Canal Authority has reduced transit tolls for Very Large Crude Carriers (VLCCs) of more than 200,000 dwt in ballast coming from America and heading for the Arabian Gulf, GAC Egypt said.According to a circular released by the Suez Canal Authority, the vessels coming from the Gulf of Mexico, the Caribbean and the North Coast of South America would receive a 45% reduction from the applicable Suez Canal transit tolls excluding other services dues.In order to receive the reduction, a company needs to submit a request before the transit through its agency, subject to forward a certificate from the port of origin and a certificate from the port of arrival after transit.Furthermore, in case of stopping in between ports, a certificate stating the reason of stoppage is to be submitted as well as an undertaking from the shipping agency confirming the payment of the whole transit dues without any rebates in case of changing port of origin or port of arrival.The documents should be submitted a maximum of 60 days from the date of transit, GAC Egypt added.According to the Suez Canal, the circular came into effect as of July 24 as an experimental period to be renewed.last_img read more

Syria Ban and Special Representative welcome USRussia accord to spur political solution

On Tuesday, the US and Russia reportedly agreed to convene an international conference to find a political solution to the Syria crisis, adding that they would encourage both Damascus and the opposition to negotiate. The announcement came after talks in Moscow between US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov.“The statements made in Moscow constitute a very significant first step forward. It is nevertheless only a first step,” Mr. Brahimi said in a statement, adding that this is the first “hopeful news” concerning Syria in a very long time.A statement issued by Mr. Ban’s spokesperson noted that the Secretary-General and Mr. Brahimi have asserted from the outset their conviction that a negotiated political solution is the only way to end this “prolonged and ever-deepening” crisis.“The goal should be clear to all – it must be an end to violence, a clean break from the past and a transition to a new Syria in which the rights of all communities are protected and the legitimate aspirations of all the people in Syria for freedom, dignity and justice are met,” the statement said. Mr. Brahimi, who is currently attending a meeting of The Elders in Ireland, has called on the US and Russia to exercise leadership and work together to initiate a process to implement the Geneva Declaration of 30 June 2012.That document – issued after a meeting in the Swiss city of the Action Group for Syria – lays out key steps in a process to end the violence. Among other items, it calls for the establishment of a transitional governing body, with full executive powers and made up by members of the present Government and the opposition and other groups, as part of agreed principles and guidelines for a Syrian-led political transition.“There is every reason to expect the three other permanent members of the Security Council as a whole and indeed all the Security Council members to work together amongst themselves and with the Secretary-General to carry the process forward,” said Mr. Brahimi.“Naturally the Syrians themselves – all the Syrians – will occupy pride of place in the process that should be launched as early as possible. It is equally important that the entire region mobilises in the support of the process,” he added.In addition to the tens of thousands killed, some 4.25 million people have been displaced since the uprising against President Bashar al-Assad began in March 2011, with more than 1.4 million of them taking refuge in neighbouring countries. The UN estimates that some 6.8 million people inside Syria are in urgent need of humanitarian assistance – nearly half of them children. read more