• 2016 August 26 10:19

    WSS Suez Canal transit team to cut customer costs, workloads and confusion

    Wilhelmsen Ships Service (WSS) has established a dedicated local transit team to help its customers negotiate not just the Suez Canal, but also the complex rebate system designed to boost traffic through the recently expanded waterway. The new office, based in Alexandria, is staffed 24/7 by local agents who intimately understand both customer requirements and the workings of the Suez Canal Authority (SCA), WSS says in its press release.

    The canal expansion opened in August last year, cutting vessel waiting time from 11 to 3 hours and potentially doubling the number of daily transits. In an effort to incentivise shippers to choose its route over alternatives, SCA has created a rebate system capable of greatly reducing vessel toll fees - if all application criteria are satisfied.

    “This is a great scheme, with huge potential benefits,” comments Steffen Langlete, Product Manager, Ships Agency WSS, “but it can be complex, time-consuming and confusing to understand. SCA has strict deadlines with regard to submitting applications and the confirmation of rebates, while the documentation required is extensive.

    “If shippers forget to apply at the right time, or fail to submit the correct papers, their rebates may not be forthcoming and, in an era of tight margins and pressure on costs, this can be a heavy price to pay.”

    The SCA system is stringent, yet generous. Dependant on an array of route and cargo variables, toll reductions typically range between 5 and 35%. However, the biggest savings come for container vessels trading between ports south of Norfolk, Virginia and ports lying to the east of Port Kelang, Malaysia obtaining rebates of up to 65%. Rebates are calculated on a case-by-case basis and are also subject to factors such as freight rates, hire rates and bunker prices.

    For example, amongst the numerous rebates WSS has secured for its customers since the expanded canal opened, a 38,000 DWT General Cargo Ship recently received a 50,000 USD discount on its original 180,000 USD transit fee. Loading in Huelva, Spain and discharging in Fangscheng, China, this considerable rebate could have, and often does go, unclaimed by customers unable or unaware of the paperwork and timings required by the SCA.

    Applications must be received by SCA 48 hours prior to a vessel’s departure from its most recent port of origin before entering the canal, while a range of original documents are required post-transit.

    “For many shipowners and operators keeping track of requirements and relevant documentation is a real headache,” Langlete states. “In fact, in some cases, owners and operators simply forget to apply in time. In addition, any submission outside the SCA’s parameters renders an application null and void, while operators have to confirm an acceptance of the rebate within just 72 hours of it being granted. It can be difficult to stay on top of everything at once.

    “That’s why we’ve created this expert team,” he continues. “It means that shipping businesses can focus on what’s important to them – getting cargoes from A to B in the quickest, safest and most efficient manner – while we can take the strain of all the paperwork, interaction with authorities, and transactions. We’re simplifying the process, while also providing additional local services, such as delay updates, advice on new regulations, canal maintenance news, and more.

    “It’s a service that meets a genuine market need and will greatly assist all our customers passing through this fundamentally important trading channel.”

    WSS, the leading global provider of products and services to the shipping industry, also offers a dedicated transit team for the new Panama Canal. Both offices provide local knowledge with global support and service standards, delivering a broad range of support services in addition to handling permits, payments, rebates and relevant documentation requirements.

2024 February 24

15:17 CMA CGM announces RRI03 from North Europe & the Mediterranean to/via USA, Canada & Mexico
14:31 Hanwha Ocean seals $256 million deal to build VLCC pair
12:38 New cable layer joins Boskalis fleet following major conversion
10:33 Port of Rotterdam adopts Green Award verification for new EU shipping sustainability incentives
09:57 MPA selected 11 proposals to advance electric harbour craft designs in Singapore

2024 February 23

15:57 Vitol and EOG Resources enter into long-term gas supply agreement indexed to Brent pricing
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10:40 Clear early policy decisions needed to prevent the UK's energy transition stalling, says DNV

2024 February 22

18:04 United Maritime Corporation expands fleet with new bulk carrier
17:42 Euroseas reports Q4 and FY 2023 results
17:16 Scrubber savings up to 13 bln USD amid IMO2020 regulations implementation
16:14 HD Korea Shipbuilding secures 172.4 bln-won order for two LPG carriers
15:51 Baltic Sea Action Plan Fund allocates EUR 1 mln to 10 new environmental projects
15:24 The first Norsepower Rotor Sail funded by German Government to be fitted on Baltrader’s new cement carrier
14:45 HD Hyundai Marine Solution bags deal for LNG carrier re-liquefaction
14:13 Eastern Pacific Shipping partners with bound4blue for first wind-assisted propulsion system installation
13:42 Baker Hughes lands multi-year well construction services contract with Petrobras
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13:20 Unifeeder launches new direct service linking Aruba and Curaçao with Colombia
12:43 The use of Nextlogic at the Port of Rotterdam leads to a 20% reduction in port waiting times
12:21 Vitol Bunkers takes delivery of first biofuel barge in Asia
11:43 Galveston LNG Bunker Port joins SEA-LNG coalition
10:58 Liberian bulk carrier banned from Australian ports
07:39 Container shipper HMM receives an A- score from Carbon Disclosure Project

2024 February 21

18:00 SBM Offshore receives ExxonMobil Ruby Supplier Award for offshore operations
17:25 ZeroNorth and Alpha Ori Technologies close deal to form a new company
17:06 SeaLead and Blue Water Line launch Gulf India Express service
16:34 Auramarine signs agreement with Yiu Lian Dockyards and Guangzhou Jihai Shipping Material for the implementation and uptake of methanol dual fuel systems
16:12 VARO and Orim Energy to scale-up sustainable shipping fuel capabilities
15:34 Biden to sign executive order on US port cybersecurity
15:11 EDGE Group and Fincantieri form joint venture
14:57 Allseas completes infield pipelay scope for BP's GTA LNG project offshore Mauritania and Senegal
14:11 BYD to expand fleet with seven new car carriers by 2025
13:47 Hanwha Ocean sales jumped 52.4 percent on-year to 7.4 trillion won in 2023
13:24 Cavotec signs two-year service agreement with APM Terminals at Port of Tanger Med
12:19 Russian grain exports exceeded 66 million tonnes worth almost $16.5 billion in 2023
11:07 Gasunie and Storag sign agreement for large-scale hydrogen storage in Germany
10:58 Dual-fuel methanol design of offshore wind turbine installation vessel from Yantai receives ABS approval
10:29 NYK places first order with Japanese shipyard for offshore wind industry crew transfer vessel

2024 February 20

18:07 Armada Technologies announces contract with CoolCo for a hull air lubrication installation
17:40 AIDA Cruises launches the largest modernization program in its fleet
17:24 ROVOP partners with Boskalis to deliver integrated subsea solutions throughout the energy industry
16:35 Port of Rotterdam total cargo throughput down 6.1% to 438.8 million tonnes in 2023
15:36 EST-Floattech secures a €4 million investment from 5 investors
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14:41 Glander International Bunkering and Asyad Shipping partner for AI-driven sustainable shipping solutions
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13:35 HD Korea Shipbuilding wins 322.8 bln-won order for 2 ammonia carriers
12:43 RINA approves performance prediction software for wind-assisted ships
10:55 Forth Ports orders two new pilot boats
10:29 HHLA's revenue fell by 8.3 percent to €1,447 million in 2023
09:45 Etihad Credit Insurance partners with DP World Trade Finance
07:51 CMA CGM announces PSS adjustments for shipments from Europe to India, Middle East Gulf, and Red Sea

2024 February 19

18:06 SafeΒulkers adds two more carriers
17:42 Piraeus Port shows resilience to the Red Sea crisis
17:23 Valenciaport container traffic up 11% to 388,366 TEU in Jan 2023
16:47 Sticky situation in UK port after grounded Ukrainian tanker leaked molasses
16:28 EU foreign ministers approve deployment of Red Sea naval mission
15:58 Eidesvik Offshore launches world’s first methanol-powered vessel for subsea and offshore wind
15:39 Equinor signs a 15-year LNG agreement with Deepak Fertilisers
14:23 Jumbo Offshore signs MoU with Sea Horizon Offshore
13:40 Texas LNG selects Gulf LNG Tugs to build, deliver and operate tugboats
13:38 Russian seaports’ January cargo volume fell 6.5% Y/Y to 71 million tonnes (expanded version)
13:22 Austal and Gotlandsbolaget sign MOU to construct a gas turbine powered high speed catamaran
12:56 Tellurian receives FERC extension for Driftwood LNG
12:01 Unifeeder completes agreement for two additional methanol-powered vessels
11:38 Chemship deploys wind assisted propulsion on Chemical Challenger
11:18 Topsoe signs an engineering agreement with Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKETM technology