MPA extends port dues concession

Port dues concession, originally only until 31 March 2010, will be extended for another six months or until the end of September.

The extension will apply to the 10 percent port dues concession for all ocean-going ships with a port stay of not more than 10 days and to the 20 percent port dues concession for harbour craft engaged in commercial activities within Singapore port waters.

Maritime and Port Authority of Singapore Chief Executive, Mr Lam Yi Young, said, "MPA remains committed to the maritime industry and will continue to consult and work closely with industry partners to help them adapt to the changing business climate."

He added, "The extension of port dues concession will help the shipping industry to lower business costs and boost Singapore's attractiveness as a hub for maritime businesses."