Egypt's Suez Canal Extends Rebates for LNG, LPG Carriers Until End-2022

Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. REUTERS/Mohamed Abd El Ghany
Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. REUTERS/Mohamed Abd El Ghany
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Egypt's Suez Canal Extends Rebates for LNG, LPG Carriers Until End-2022

Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. REUTERS/Mohamed Abd El Ghany
Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. REUTERS/Mohamed Abd El Ghany

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website.

LPG tankers operating between the American Gulf and ports west of India, on the Maldives islands and at Kochi will receive a rebate of 20% on the canal's normal tolls, according to the circular.

Those operating from ports east of Kochi to Singapore will receive a rebate of 55%, and from Singapore ports east will have a rebate of 75%, said Reuters.

LNG tankers operating between the American Gulf and the "Arabian Gulf", ports west of India and at Kochi will receive a rebate of 30% on the canal's normal tolls, a circular dated Sunday said.

Meanwhile, LNG tankers operating from ports east of Kochi to Singapore will receive a rebate of 55%, and from Singapore ports east will have a rebate of 70%, it added.



IsDB, Türkiye Sign $740 Million Financing Agreements

IsDB, Türkiye Sign $740 Million Financing Agreements
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IsDB, Türkiye Sign $740 Million Financing Agreements

IsDB, Türkiye Sign $740 Million Financing Agreements

The Islamic Development Bank (IsDB) and Türkiye have signed two financing agreements totaling some $740 million to support the country's recovery through investments in disaster-resilient healthcare systems and the advancement of green, resilient, and inclusive education.

According to SPA, the agreements were signed in the Turkish capital of Ankara.

Over the past 50 years, the IsDB Group has allocated more than $14.7 billion to development finance projects and initiatives in Türkiye, focusing on 587 projects across sectors including healthcare, renewable energy, education, and modern transportation.

This latest series of financing agreements marks another milestone in the long-standing development partnership between Türkiye and the IsDB Group. It aligns with the partnership framework and Türkiye’s Twelfth Development Plan for 2024–2026.