MPA gives 50% port dues concession to passenger vessels

The new concession will be provided from 1 March to 31 August.

The Maritime and Port Authority of Singapore (MPA) will be giving a 50% port dues concession to passenger vessels as part of its relief efforts to vessel owners and operators who have seen a drop in passenger volumes due to the COVID-19 outbreak, an announcement revealed.

The new concession, to be given from 1 March to 31 August, will be on top of all existing port dues concessions.

All cruise vessels and regional ferries with a port stay of not more than five days, and passenger-carrying harbour craft will qualify for the new concession. It is expected to benefit more than 600 cruise vessels, regional ferries and passenger-carrying harbour craft, bringing total savings of over $1m in the six-month period.

This is also a part of the COVID-19 relief package recently announced today by Deputy Prime Minister and Minister for Finance Heng Swee Keat during the Budget 2020.