MPA's Latest Incentives to Support the Shipping Industry

The Maritime Welfare Fee (MWF) concession of 100% waiver for vessels with port stay of not more than 5 days was part of the economic relief measure to help the shipping industry for a period of 5 years from 1 Oct 2012 till 30 Sep 2017. MPA has extended this economic relief measure by another 27 months till 31 Dec 2019 to defray costs to the industry in the short term. From 1 Jan 2020 to 31 Dec 2022, vessels with port stay of not more than 5 days will enjoy a 50% concession on the MWF.
In addition, MPA will continue to grant the following temporary economic relief measures for another 6 months till 30 Jun 2018:
  1. Additional 10% concession on port dues payable by container vessels carrying out cargo works with port stay of not more than 5 days;
  2. 10% concession on port dues payable by bulk carriers carrying out cargo works with port stay of not more than 5 days; and
  3. Incremental concessionary rate of $0.50/day for Offshore Support Vessels from the current 90 days to 180 days.
More details can be found in MPA's Port Marine Circular No. 7 & 18 of 2017.