Port Dues Concession for Box Ships at Singapore

By Joseph R. Fonseca
Saturday, January 16, 2016

In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days.

This will be for a period of 1 year and will take effect on 15 January 2016.

The additional 10% concession is granted on remaining port dues payable after the port dues concession for green port programme, if applicable, and the 20% port dues concession for container vessels which was first introduced in 1996.

Source: Maritime and Port Authority of Singapore Port Marine Circular No.2 of 2016 dated 14 January 2016

 

Categories: Container Ships Contracts Finance Legal Navigation People & Company News People Ports Vessels

Related Stories

CK Hutchison Banks 7% Profit Rise

Green Ammonia Shines When Regulation is Considered, says study

New ISO Vessel Hull Cleaning Standard Published

Current News

Argentina Grain Exports Rise From Strong Harvest

Tanker Bound for Cuba with Fuel Cargo Diverts to Trinidad

Independent Port Consultants Announces New Hires

US Crude Being Shipped to Asia Via Panama Canal

Subscribe for Maritime Logistics Professional E‑News