Asia/Pacific News
MPA Outlines Co-funding Criteria for Distillate MFMs
The Maritime and Port Authority of Singapore (MPA) says it will provide co-funding of up to S$60,000 ($45,000) per bunker tanker to help with the cost of installing mass flow meters (MFMs) for distillate fuel delivery.
MPA has set aside S$9 million to co-fund the initiative.
Singapore already mandates the use of MFMs for MFO delivery, and MPA said last month from July 1 the rule would extend to cover distillate bunkering.
A circular released Thursday said all existing bunker tankers licensed by MPA to deliver distillates as at April 26, 2018 are eligible for the co-funding except for those that have already received co-funding support from MPA when the MFM for Marine Fuel Oil (MFO) was implemented.
MPA had previously provided a lump sum incentive of S$80,000 to assist with the cost of installing MFMs for MFO bunkering, the use of which became mandatory on January 1, 2017.
"Recipients of the co-funding will have to deploy their bunker tankers in the Port of Singapore for a period of at least one year from the date of approval by MPA. All bunker craft owners or operators of bunker tankers eligible for the co-funding will be notified by MPA on the application process," MPA added.
