Suez Canal Increases Crude Oil Tanker Tariffs
16 February 2023
The rates for oil tankers have increased significantly, with 25% for crude oil tankers and 15% for empty tankers, according to the Suez Canal Authorities. This was carried on by the extension of marine routes, the expansion of naval economies, and the internationalization of trade. In April, the rates will be in effect; however, they are capable of being changed in response to changes in the navigation market’s dynamics. Almost 8% of SCA’s revenue in 2022 came from tankers, which made up 12% of all shipping traffic worldwide.
Also Read: Indian Coast Guard Saves Wounded Filipino from Liberian Ship in Arabian Sea
On February 13th, a Filipino citizen was saved by the Indian Coast Guard from a merchant ship off the Gujarat coast. Around 7:20 PM. Read More.
Also Read: The Marine Industry Calls for The Evacuation of Trapped Mariners Due to The Conflict in Ukraine.
The open letter asks Guterres to urgently rescue 331 mariners stuck in the Sea of Azov and Black Sea by using his diplomatic power to help them escape. Many shipping firms, maritime organizations, shipping unions, and other nautical organisations all signed the letter. Read More.
Also Read: Philippines Coast Guard Increases Patrols in Controversial Waters
The Kalayaan Island Group, which China claims is a part of the South China Sea, and the Spratly Islands are two strongly disputed areas where the Philippine Coast Guard has boosted patrols. In response to a direction from President Ferdinand Bongbong Marcos Jr., the Coast Guard has sent its flagship BRP Teresa Magbanua to the area. The ship’s official purpose since being commissioned in May 2022, less than a year ago, is to defend Filipino fishing boats. Officials with the Coast Guard expect a significant rise in the number of Filipino fishing boats operating in the area as the summer fishing season gets going. Read More.
Click here to join our Telegram chanel
You will get information, news, and support related to Merchant Navy.