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21 Oct 2019 / Singapore

Port dues rebate for vessels handling transhipment vehicles

The Maritime and Port Authority of Singapore (MPA) has announced the extension of the scheme which grants a port dues rebate for vessels handling transshipment vehicles for another three years from 1 January 2020 to 31 December 2022.

As advised in the MPA’s Port Marine Circular No.17 of 2019, under the scheme, a port dues rebate is granted to vehicle carrier operators’ vessels handling transshipment vehicles in Singapore with a short stay of no more than 5 days, as follows:

  • Less than 10,000 transhipped vehicles in Singapore per year: 10% port dues rebate if a minimum compound annual growth rate (CAGR) of 5% over the base year (three-year average from 2017 to 2019) is achieved. No rebate if growth condition is not met.

  • Between 10,000 and 200,000 transhipped vehicles in Singapore per year: 20% port dues rebate if a minimum CAGR of 2% over base year is achieved; otherwise 10% port dues rebate.

  • More than 200,000 transhipped vehicles in Singapore per year: 20% port dues rebate if positive CAGR over base year is achieved; otherwise 10% port dues rebate.

The vehicle carrier will not be entitled to the rebate during any year that does not fulfill the conditions of the scheme.

For information about operations in Singapore contact GAC Singapore at [email protected]

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

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