Singapore has extended the 10 per cent port dues concession for all ocean-going ships with a port stay of not more than 10 days and 20 per cent port dues concession for harbour craft engaged in commercial activities within its port waters for another six months from April 1 to Sept 30. This was announced by Second Minister for Finance and Transport Lim Hwee Hua during a debate on the budget for the Transport Ministry in the Singapore Parliament today.
The extension is over and above existing port dues concession already enjoyed by the industry.
Last year, as part of its efforts to help the shipping industry during the economic downturn, the Maritime and Port Authority of Singapore (MPA) introduced the concession from April 1 to this March 31.
Commenting on the matter, MPA chief executive Lam Yi Young said the extension of port dues concession would help the shipping industry to lower business costs and boost Singapore's attractiveness as a hub for maritime businesses.
The extension is over and above existing port dues concession already enjoyed by the industry.
Last year, as part of its efforts to help the shipping industry during the economic downturn, the Maritime and Port Authority of Singapore (MPA) introduced the concession from April 1 to this March 31.
Commenting on the matter, MPA chief executive Lam Yi Young said the extension of port dues concession would help the shipping industry to lower business costs and boost Singapore's attractiveness as a hub for maritime businesses.