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News: Coronavirus Update - MPA to give port dues concession to passenger vessels in Singapore
News & Insights 19 February 2020
The Maritime and Port Authority of Singapore (MPA) will be giving a 50% port dues concession to passenger vessels in order to provide relief to owners and operators of passenger vessels that have seen volumes drop since the outbreak of COVOID-19.
The Maritime and Port Authority of Singapore (MPA) will be giving a 50% port dues concession to passenger vessels in order to provide relief to owners and operators of passenger vessels that have seen volumes drop since the outbreak of COVID-19.
This new concession will be given from 1 March 2020 to 31 August 2020 and 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 will qualify for the new concession. It is believed that more than 600 vessels will benefit. It is estimated that the port dues concessions will bring total savings of over USD 1m in the six month period.