The Suez Canal Authority has introduced a 15% discount on transit fees for large container ships, for 90 days, with effect from 15 May 2025.

The mover is to encourage major shipping lines to return to the canal amid improving security conditions in the Red Sea.

However, according to Cameron Bowie, MD UK and Ireland for Hapag Lloyd, one of the world’s largest shipping lines that comprises the Gemini Cooperations with Maersk, lines are unlikely to be tempted by the discount.  He said that as soon as one line returns to using the canal, and gains a competitive advantage, others will follow quickly.

Photo: The Suez Canal.