Asia/Pacific News
Singapore: 50% Port Dues Concession for Double Hulled Bunker Tankers to End
A 50% port dues concession in Singapore for MARPOL compliant double hulled (MCDH) port limit bunker tankers will be withdrawn from January 1, 2018, the The Maritime and Port Authority of Singapore (MPA) noted in a circular Monday.
MPA has granted the 50% reduction since January 2012 as part of efforts to encourage the use of MCDH port limit bunker tankers in the Port of Singapore.
However, since 2015 the International Maritime Organisation (IMO) has required Heavy Fuel Oil (HFO) to only be carried by MCDH tankers, effectively rendering the encouragement redundant.
"With effect from 1 January 2018, all port limit bunker tankers will be required to pay annually, port dues in full, at the prescribed rate. MCDH port limit bunker tankers with keel laid date before 1 January 2018 will however, continue to enjoy the 50% port dues concession until they reach 5 years of age," said MPA.
