Financial Ports

Suez Canal slaps 25-year-old ships with surprise inspections and fees

CLAVE 1 / 4The Suez Canal Authority has introduced mandatory inspections for vessels aged 25 years or older.

CLAVE 2 / 4More than 150 million gt of shipping is now over 25 years old, up 75% in five years.

CLAVE 3 / 4Inspections must be completed before transit, with fees paid in advance.

CLAVE 4 / 4Vessels returning within six months are exempt if no defects are recorded.

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