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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore drops 50% concession for Marpol-compliant double-hulled tankers

10 Oct 2016 10:05 GMT

New rates due to be effective from January 1, 2018.



The Maritime and Port Authority of Singapore (MPA) has withdrawn its 50 percent port dues concession for MARPOL-compliant double hulled (MCDH) bunker tankers operating within port limits.

The move means that, from January 1, 2018, all bunker tankers will be required to pay port dues in full. However, MCDH bunker tankers with their keel laid date before January 1, 2018, will continue to enjoy the 50 percent port dues concession until they reach 5 years of age.

Explaining the reason for the decision, the MPA said: "The International Maritime Organization (IMO) has since required Heavy Fuel Oil to only be carried by MCDH tankers from 2015. As the IMO requirement has been in force since 2015, the Maritime and Port Authority of Singapore (MPA) will be withdrawing the existing 50% port dues concession."

Meanwhile, the port dues surcharge payable will continue to apply. Vessels aged below 17 years will be required to pay a 15 percent fee, while those above 17 years of age will be subject to an incremental surcharge for each subsequent year.




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