Singapore introduces new port dues concessions for ocean-going vessels and harbour craft

The Maritime and Port Authority of Singapore has introduced two additional measures to help the shipping industry during the current economic downturn.

The measures take the form of a ten percent port dues concession for all ocean-going vessels with a port stay of not more than ten days, and a 20 percent port dues concession for harbour craft engaged in commercial activities within Singapore port waters. Both measures will take effect from April 1, 2009 for a period of one year. The ten percent concession in port dues to ocean-going vessels will be extended over and above existing port dues concessions already enjoyed by the industry, such as the 20 percent port dues concession for containerships and 20 percent port dues rebate scheme for vehicle carrier operators. This concession will broaden the spectrum of vessels like bulk carriers, tankers and other types of ocean-going vessels benefiting from the financial relief. The 20 percent concession in port dues for harbour craft is targeted at helping the domestic sector. This concession seeks to lower the business costs of port and marine services providers, such as bunker suppliers, ship chandlers, tug boat operators and domestic ferry operators. These additional port dues concessions are expected to benefit many operators whose vessels call at, and operate in the port of Singapore.

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