The new initiative commenced on Monday and will last for a period of five years. It is also expected to cost MPA an estimated S$7m ($5.7m) a year.
Maritime Welfare Fees are collected to provide welfare activities, training and subsidy for housing of seafarers from visiting vessels. Even with the exemption, MPA will continue to provide a range of welfare facilities and activities for visiting seafarers.
MPA will also raise its co-funding support for three manpower schemes – Training@MaritimeSingapore, Talent@MaritimeSingapore and InvestManpower@MaritimeSingapore – under the Maritime Cluster Fund. Co-funding support for the schemes will be increased from the current 50% to 70% and will take effect from October for a period of three years.
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