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MPA extends port dues concession to bulk carriers

Singapore

THE Maritime Port Authority of Singapore (MPA) has extended a 10 per cent concession on port dues for bulk carriers, as part of its larger efforts to help shipping companies tide over the current market downturn.

The concession that will kick in for one year with effect from April 15 will apply to vessels carrying out cargo works with a port stay of not more than five days.

This latest move by MPA and concessions granted to offshore support vessels (OSVs) and container ships earlier in the...

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