COSCO
SITC
PACIFIC LINES
Wednesday, 14/05/2025, 14:00 (GMT +7)
327
Suez Canal cuts transit fees by 15% to lure container ships back
Egypt has cut Suez Canal transit fees by 15% for large container ships in a bid to lure them back, but experts say the decision to return to the Red Sea will depend on a security risk assessment.
Suez Canal (Photo: Shutterstock/Phaata)
Egypt has announced a 15% reduction in transit fees for the next three months for container ships with a capacity of around 13,500 TEUs or more, in a bid to encourage shipping lines to return to the Suez Canal as the Red Sea shipping crisis appears to be easing.
The Suez Canal Authority (SCA) said the offer was in “response to requests from containership owners and operators, and in light of recent positive developments in the security situation in the Red Sea and Bab al-Mandab Strait.”
As the security crisis escalates, particularly following attacks by Yemeni Houthi forces on commercial vessels in support of Hamas in its conflict with Israel, much of the international commercial fleet – especially container ships – has avoided the area. As a result, revenues from transiting the Suez Canal have more than halved over the past year.
US President Donald Trump announced last week that the shipping crisis in the Red Sea that has lasted more than 17 months is coming to an end. Speaking at the White House, he said the Houthis had agreed to stop attacking ships and the US would also end airstrikes against them. Trump’s statement was confirmed by the foreign minister of Oman, who acted as a mediator. However, Houthi forces have continued to fire missiles at Israel, prompting a military response from Tel Aviv.
Most major container lines questioned in recent earnings calls maintained the view that it was too early to resume Red Sea sailings.
Maersk CEO Vincent Clerc last week stressed that a return to the Red Sea route based on a vague ceasefire would be “irresponsible,” warning that the region remains too volatile to be safe.
“I would not think a 15% discount would have any meaningful impact on the decision on whether or not to transit the Red Sea under the present circumstances,” Lars Jensen, CEO of consultancy Vespucci Maritime, told Splash.
“That decision will be based on a risk assessment.”
Analysts at investment bank Jefferies echoed the sentiment in a note to clients last week: “Given the fast-changing news flow in the current climate, we do not expect a rush to return to normal Red Sea transits given the risks.” The report also noted that the container shipping industry would be the most vulnerable to any market changes once the Red Sea returns to normal.
Jefferies estimates that the recent diversions have reduced global shipping capacity by 11-12%, and this is the key factor that makes the difference between a “healthy” market and one where shipping lines have little pricing power.
See more:
- Shippers unlikely to return to Red Sea route anytime soon despite ceasefire
- Pakistan ports face export bottleneck as India bans transit, forcing shipping lines to reroute
- International Shipping and Logistics Market Update - Week 19/2025 | Phaata
- Global Maritime Forum releases landmark report on decarbonisation of shipping
- Container shipping lines sharply cut capacity on Asia-North America routes
- VILOG 2025 - 3RD VIETNAM LOGISTICS INTERNATIONAL EXHIBITION: “Digital Transformation - Green Development of Logistics Industry”
- Cosco Shipping Lines opens office in Saudi Arabia
- Houthi-led Red Sea ceasefire could have far-reaching impact on shipping
- Impressive figures confirm Mozambique’s rising economic status
- “How bad will it get?” – Airline market awaits impact from tariffs and de minimis policy changes
- International Shipping and Logistics Market Update - Week 18/2025 | Phaata
- Wan Hai expands order for 16,000-teu container ships in South Korea
- Global air freight trends Week 17 (2025) by WorldACD
- OOCL orders 14 methanol-fueled container ships as part of major fleet expansion
- Container shipping rates remain stable amid China-US tariff storm
- US Gulf Coast ports see volume increase in March
- US diesel prices fall for third straight week, hit 2025 low
- Trump plans to ease import tariffs to help US auto industry
- IATA: March sets new record for air freight as cargo builds up ahead of tariffs
- Kuehne+Nagel: Air freight continues to grow strongly despite tariff tensions
- International shipping and logistics market update - Week 17/2025
- Blank sailings soften drop in container spot rates
- Drewry: Global container volume forecast to fall 1% due to trump tariff war
- Shipping industry braces for demand collapse
- COSCO Shipping Lines: US port charges threaten global supply chain
- “Tariff shockwave” causes sharp decline in global container shipping bookings
- IMO approves global net zero emissions regulation for shipping
Source: Phaata.com (According to Splash247)
► Find Better Freight Rates & Logistics Service Providers!
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
.webp)
_(2).webp)
HOT PROMO
See more
2933
Other
Expiry date
CÔNG TY TNHH DỊCH VỤ LOGISTICS BẢO VẬN
2.6
1877
FCL
23 Days
Freight cost
Expiry date
NP LOGISTICS CO.,LTD
2.5
24
Other
Expiry date
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
Verified
1.3
82
FCL
25 Days
Freight cost
Expiry date
 Nền Trắng.webp)
CÔNG TY CỔ PHẦN THT CARGO LOGISTICS
0.2
74
FCL
25 Days
Freight cost
Expiry date
CÔNG TY CỔ PHẦN THT CARGO LOGISTICS
0.2
WHY PHAATA.COM?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find price quickly
and
Send quote request
Compare Quotes
and
Selection
Contact for Further Consultation
and
Send request booking
Get feedback
and
Direct Negotiation
Management
and
Evaluate
Freight rates
Sea freight
7
Days Transit
- ₫7,915,500 / 20'GP
Valid till: 2026-01-31
CÔNG TY TNHH SHIP LINK VIỆT NAM
0.4
20
Days Transit
- ₫21,503,775 / 20'GP
- ₫26,648,850 / 40'GP
Valid till: 2026-02-27
Chi nhánh tại Khu vực Bắc Bộ - Công ty TNHH Giao nhận vận chuyển Quốc tế Trường Hải
3
25
Days Direct
- ₫36,557,000 / 20'GP
- ₫46,288,000 / 40'GP
- ₫46,288,000 / 40'HQ
Valid till: 2026-01-31
SOV（越南海光）
0.1
45
Days Transit
- ₫89,709,000 / 40'HQ
Valid till: 2026-02-14
Công ty T&T Global Agency
1.8
16
Days Transit
- ₫4,749,300 / 20'GP
- ₫13,720,200 / 40'GP
- ₫13,720,200 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
3
Days Direct
- ₫0 /cbm
Valid till: 2026-01-31
WR1 MASTER CONSOL
Verified
2.1
8
Days Direct
- ₫0 /cbm
Valid till: 2026-02-01
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
0.1
19
Days Direct
-
Refund
₫1,978,875 /cbm
Valid till: 2026-01-31
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
2.6
30
Days Direct
- ₫1,055,400 /cbm
Valid till: 2025-12-31
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
30
Days Transit
- ₫1,319,250 /cbm
Valid till: 2025-12-31
KHAI MINH GROUPS CO., LTD – Ho Chi Minh Branch
2.6
Air freight
1
Days Direct
- 49,438 ₫/kg
Valid till: 2026-01-31
CÔNG TY TNHH EVERGLORY LOGISTICS VIỆT NAM
2.6
7
Days Transit
- 139,841 ₫/kg
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN DỊCH VỤ VÀ HẠ TẦNG Ô TÔ THÀNH CÔNG
2.1
4
Days Direct
- 212,399 ₫/kg
Valid till: 2026-01-17
AN BÌNH EXPRESS
2.6
4
Days Transit
- 97,625 ₫/kg
Valid till: 2026-01-31
MAXTENA SHIPPING&FORWARDING AGENT CO., LTD
2.7
1
Days Direct
- 65,963 ₫/kg
Valid till: 2026-01-10
TTL Cargo Max
2.6
Rail freight
20
Days Direct
- ₫192,610,500 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
Verified
3.8
3
Days Direct
- ₫11,236,500 / 20'GP
- ₫14,982,000 / 40'GP
- ₫14,982,000 / 40'HQ
Valid till: 2025-09-30
SilverSea Co.,Ltd
2.5
26
Days Transit
- ₫170,836,600 / 40'GP
- ₫170,836,600 / 40'HQ
Valid till: 2024-12-31
WORLDLINK LOGISTICS VIET NAM COMPANY LIMITED
1.8
10
Days Direct
- ₫25,502,000 / 20'GP
- ₫25,502,000 / 40'GP
- ₫25,502,000 / 40'HQ
- ₫25,502,000 / 45'HQ
Valid till: 2024-12-31
VIPUTRANS
1.8
3
Days Direct
- ₫17,620,110 / 40'HQ
Valid till: 2024-10-31
CÔNG TY CP PROSHIP
1.8
Road freight
6
Hour
- ₫3,600,000 / 20'GP
- ₫4,100,000 / 40'GP
- ₫4,100,000 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
1
Day
- ₫4,100,000 / 40'GP
Valid till: 2026-02-18
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0
9
Hour
- ₫15,039,450 / 20'RF
Valid till: 2025-11-30
Headway Joint Stock Compnay
3.5
2
Day
- ₫60,000,000 / 20'GP
- ₫80,000,000 / 40'GP
- ₫80,000,000 / 40'HQ
- ₫80,000,000 / 45'HQ
Valid till: 2026-10-31
CÔNG TY CỔ PHẦN MORNING LOGISTICS
2
1
Day
- ₫4,500,000 / 40'HQ
Valid till: 2025-09-30
CÔNG TY TNHH LOGISTICS FV
2.5
Request For Quotes
Help you send and receive quotes from Forwarders on the market quickly and efficiently.
See more
