The Maritime and Port Authority of Singapore (MPA) will be extending its port dues concession at Singapore port from October 1, 2010 to the end of March 2011.
According to the MPA, the extension is valid for all ocean-going ships with a port stay of not more than ten days, and harbour craft engaged in commercial activities.
"Ocean-going ships will get 5% port dues concession and this is over and above existing port dues concessions already enjoyed by the industry," said a statement from MPA.
"Harbour craft, with the exception of pleasure craft for personal use, will get 10% port dues concession."
MPA introduced the concessions in April last year in a bid to cushion the shipping industry during the economic downturn.
According to the MPA, the extension is valid for all ocean-going ships with a port stay of not more than ten days, and harbour craft engaged in commercial activities.
"Ocean-going ships will get 5% port dues concession and this is over and above existing port dues concessions already enjoyed by the industry," said a statement from MPA.
"Harbour craft, with the exception of pleasure craft for personal use, will get 10% port dues concession."
MPA introduced the concessions in April last year in a bid to cushion the shipping industry during the economic downturn.