MPA unveils initiatives to move Singapore towards greener maritime future
SINGAPORE on Wednesday unveiled a slew of initiatives to cut shipping emissions at its port.
Among the initiatives, the Maritime and Port Authority of Singapore (MPA) said it would waive five years of port dues for new vessels fuelled by liquefied natural gas (LNG), a much cleaner energy source compared to coal and fuel oil.
These vessels must be registered with MPA between Oct 1, 2017, and Dec 31, 2019.
MPA will also grant an additional 10 per cent concession in port dues for the Green Port Programme qualifying vessels that engage LNG-fuelled harbour craft for their port operations.
The port authority said it has awarded S$8 million to Harley Marine Asia, Keppel Smit Towage and Maju Maritime under its co-funding programme for building vessels fuelled by LNG.
MPA has also expanded its international focus group, formed in 2014 to cooperate on LNG bunkering, to include the Port of Jacksonville; Norwegian Maritime Authority; the Ministry of Land, Infrastructure, Transport and Tourism, Japan; and the Ulsan Port Authority, Republic of Korea. The other members comprised the ports of Singapore, Rotterdam, Antwerp and Zebrugee.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’