Fri 11 May 2018 09:59

MPA outlines funding eligibility for distillate MFMs in Singapore


Bunker tankers licensed by the MPA on April 26 will be eligible - except those that received MPA financing for fuel oil MFMs.

Merlion statue, located at Merlion Park, adjacent to One Fullerton at the Marina Bay waterfront, Singapore.
Image: Flickr
The Maritime and Port Authority of Singapore (MPA) provided further details on Friday regarding the co-funding scheme it has put in place to finance the mandatory installation of mass flow meters (MFMs) aboard bunker vessels for the delivery of distillates at the Asian port.

As previously confirmed on April 27, the MPA will be extending the mandatory use of MFMs to bunker tankers delivering distillates in Singapore from July 1, 2019.

The MPA explained on that date a fortnight ago that companies can apply for co-funding of up to S$60,000 ($45,300) from the MPA to defray part of the cost in installing the MFM system.

And on Friday, the MPA disclosed that all existing bunker tankers licensed by the MPA to deliver distillates as at April 26, 2018 will be eligible for this co-funding.

However, those that have already received financing from the MPA when the mandatory installation of MFMs for marine fuel oil (MFO) was implemented on January 1, 2017, will not be eligible.

The MPA added that recipients of the co-funding will be required to deploy their bunker tankers in the port of Singapore for a period of at least one year from the date of approval by the MPA.
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