The Suez Canal Authority (SCA) has announced a new plan aimed at encouraging ships to travel through the canal after many changed courses to the Cape of Good Hope due to recent Red Sea security concerns.
According to local media, SCA Chairman, Admiral Osama Rabie, revealed that the authority is currently studying a proposal to offer shipping companies discounts of up to 15 per cent on transit fees. This initiative comes in response to a noticeable drop in…
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News Source: www.middleeastmonitor.com
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