BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





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The Maritime and Port Authority of Singapore (MPA) has withdrawn its 50 percent port dues concession for MARPOL-compliant double hulled (MCDH) bunker tankers operating within port limits.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






Related Links:


Latest News:

Algeciras receives first LNG bunker delivery in five years
Bunker supplier Skangas to source LNG from UK's Isle of Grain terminal
Brent around two-year-high as critical pipeline closes
Oil and fuel oil hedging market update
PT2SB secures $1.25bn financing for Malaysia terminal
Researchers claim 'big step forward' in efficient production of non-food biofuel
Antwerp backs construction of five zero-emission barges
Bunker-themed playlist for end-of-year office party
Oil and fuel oil hedging market update
Oil starts off the week where it ended... around $63
Quadrise delivers presentation to shareholders at AGM
Tug beats fuel savings forecast in Azipod D trials




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events