MPA gives 10% concession on port dues for bulk carriers

More help is at hand for the ailing shipping industry, with the Maritime and Port Authority of Singapore (MPA) granting bulk carriers a 10 per cent concession on port dues.

The concession, to come into effect on April 15, will be implemented “in view of the current downturn in the shipping industry”, the MPA said in a statement yesterday.

It will be available for one year and applicable only to vessels carrying out cargo works with a port stay of not more than five days.