Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Singapore's MPA offers port incentives

Singapore's MPA offers port incentives
Singapore: The Maritime and Port Authority of Singapore (MPA) will exempt ships with a port stay of not more than five days from the payment of Maritime Welfare Fees, allowing shipowners to reduce their overall operating costs.

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 – [email protected], [email protected] and [email protected] – 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.

TAGS: Singapore Port
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish