Under the revised port dues structure, up to 83% of vessel calls are expected to pay lower port dues compared to today, according to the Maritime and Port Authority of Singapore (MPA).
About 10% of vessel calls will pay the same port dues and up to 7% of vessel calls, mainly long staying vessels, may pay more port dues, if call patterns remain unchanged, the local port authority announced.
The changes to port dues are expected to save the industry an additional $11m a year. This is on top of the $11m a year savings from the 20% port dues concession for containerships that will be made permanent and the $7m a year from the waiver of Maritime Welfare Fee introduced in October 2012.
The MPA has also enhanced the Maritime Singapore Green Initiative which hosts categories of Green Ship Programme, Green Port Programme and Green Technology Programme.
The Green Ship Programme will extend lower registration fees and taxes for ships that meet certain emission and energy efficiency requirements.
Under the Green Port Programme, port dues will be reduced to 25% from 15% for ocean-going vessels that burn clean fuels or use approved abatement technology in Singapore.
In addition, the grant limit under the Green Technology Programme will be increased from SGD2m ($1.6m) to SGD3m for qualifying projects that can achieve more than 10% reduction in emission levels.
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