Fri 2 Jan 2009, 08:06 GMT

Deferment to benefit over 100 bunker tankers


MPA hopes decision will help industry adjust to changing business climate.



The Maritime and Port Authority of Singapore (MPA) has said that its decision to postpone the introduction of additional port dues for older bunker tankers will benefit the operators of more than 100 bunker tankers.

Commenting on the decision, Captain M Segar, Group Director (Hub Port) said "We hope this deferment will contribute towards helping the industry adjust to the changing business climate.

"The bunkering industry is an important component of Singapore's maritime cluster, and integral to our growth as a premier hub port," Segar commented.

Earlier this week, the MPA announced that it was deferring the implementation date of additional port dues for bunker tankers that are 16 years old and above from 1st January 2009 to 1st January 2010.

The MPA said the introduction of the surcharge was meant to discourage the operation of older bunker tankers due to their higher impact on the environment and lower operational efficiency.

The measures were part of the MPA's "continuous efforts to grow the industry as a younger, more efficient and environmentally-friendly fleet of bunker tankers in the Port of Singapore".

The port dues surcharge will be implemented from 1st January 2010 in accordance with the table below.


Port of Singapore. Trailing 3-month bunker sales fall to lowest since April 2025 in Singapore  

Bunker volume of 13.569m tonnes sold between April and June was worst result in 14 months.

Glander International Bunkering logo. Glander International Bunkering reports $23.4m pre-tax earnings amid volatile shipping markets  

Bunker trading company says new fuels volumes doubled over the past year, driven by client demand.

Aerial view of tanker vessel at sea. ISO-compliant fuels increasingly causing operational problems, Lloyd’s Register warns  

Latest FOBAS report finds fuel quality risk shifting beyond off-specification fuels.

Bioethanol bunkering at the Port of Santos. Bunker One completes Latin America’s first bioethanol bunkering of a deep-sea container vessel  

500,000-litre delivery at Santos marks a first for bioethanol as a marine fuel.

Maritime Technologies Forum (MTF) logo. MTF issues safety management guidelines for methanol-fuelled ships  

New MTF report offers recommendations for developing and strengthening safety management systems for methanol as a fuel.

Kapitan Dranitsyn icebreaker. European shipowners call for permanent EU ETS derogations for islands, outermost regions and ice-classed vessels  

ECSA urges the European Commission to extend maritime ETS exemptions beyond 2030 ahead of directive revision.

Global Maritime Forum logo. Compliance pooling could help unlock investment in zero-emission marine fuels, says Getting to Zero Coalition  

A new insight brief argues pooling models must evolve to support long-term e-fuels offtake.

Levante LNG and Legend of the Seas STS bunkering operation. Peninsula performs maiden bio-LNG delivery in Cádiz  

Bunker firm has now supplied all three of Royal Caribbean Group’s Icon-class vessels with bio-LNG.

Shawn Ho, Oilmar. Oilmar appoints Shawn Ho as senior manager for business development and bunker trading in Singapore  

Marine fuel seller hires experienced industry professional to bolster its Singapore operations.

Island Horizon vessel. Island Oil expands fleet with acquisition of two tankers for Mediterranean operations  

Island Polaris and Island Horizon join bunker firm's fleet of vessels.