Singapore-flag tonnage tax discounts for green vessels
Singapore-flagged vessels with engines capable of using LNG and other low carbon fuels will enjoy a 50% reduction in annual tonnage tax.
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Singapore-flagged vessels with engines capable of using LNG and other low carbon fuels will enjoy a 50% reduction in annual tonnage tax.
This Circular serves to provide an update on the details of the Green Ship Programme for Singapore - flagged ships
Singapore will waive port dues for new low- and zero-carbon-fuelled harbour craft for five years from the date of their registration as part of the country’s efforts to push for a more sustainable maritime sector. In addition, concessions on port dues – currently available to vessels powered by liquefied natural gas (LNG) – will be ...
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SRS remains one of the top five registries globally with more than 4,000 ships aggregating 93 million gross tonnage as it celebrates 55 years of service The Maritime and Port Authority of Singapore (MPA) will roll out the SRS Notation initiative to recognise ship owners and operators who voluntarily incorporate solutions to drive digital transformation, ...