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Singapore port authority extends port dues concession for OSVs

Singapore port authority extends port dues concession for OSVs
The Maritime and Port Authority of Singapore (MPA) has extended port dues concession for OSVs in light of the sluggish offshore marine industry.

The Singapore port authority announced on Tuesday that incremental concessionary rates of SGD0.50 ($0.35) per day for OSVs would be extended from the current 90 days to 180 days, with effect from 1 November 2015 to 31 October 2016 (one year period).

“The rates will be applicable to OSVs approved by MPA that do not carry out cargo operations, calling at MPA designated offshore marine locations and/or specific anchorages in port,” MPA said in a port marine circular.

The revised port dues applicable for OSVs where period of stay is 1-5 days will see rates per 100 gt of SGD4 for first five days, 6-90 days will be SGD4 + SGD0.50 per day after first five days, 90-180 days will be SGD46.50 + SGD0.50 per day after first 90 days, and 180 days onwards will be SGD91.50 + SGD1 per day after first 180 days.

The Singapore Shipping Association (SSA) has been in talks with the authorities regarding lowering charges for idle OSVs in Singapore waters when they do not have employment due to the current slump in the sector. Utilisation rates are reported to have dropped to around 60% for offshore vessels.

SSA president Esben Poulsson had said that the MPA is supportive of offering assistance to the OSV industry.