52 vessels transit Suez Canal

The reduction in transit fees follows reports that over 100 cargo vessels have chosen the longer route via the southern tip of Africa in the final quarter

Fifty-two ships transited the Suez Canal on Thursday, with a total cargo of 2.87 million tons.

The south-bound convoy included 20 vessels carrying 1.11 million tons, while the north-bound convoy included 32 ships carrying 1.76 million tons, according to navigational statistics released by the Suez Canal Authority.