Singapore Port decided to extend the preferential policy to 2018
- Author:Cynthia
- Source:weiyun001.com
- Release Date:2017-11-07
According to the Lloyd's newspaper,SingaporeThe Maritime and Port Authority of Singapore (MPA) has decided to extend the port concession for container ships, bulk carriers and marine vessels until June 30, 2018.
Singapore Port Regulators said in a related statement: "At present, shipping, dry bulk and offshore are facing unprecedented challenges, which can help enterprises to save costs in the short term by extending port preferential treatment in this area."
Therefore, according to relevant regulations, container ships that are loading and unloading at Singapore Port and staying for less than five days will continue to enjoy the port preferential policies of 10% reduction of port fee. The 10% reduction of the port preferential policies are mainly used in addition to the implementation of the green port plan and enjoy 20% tax relief other than the port area.
In the area of dry bulk shipping, the above 10% reduction in port concessions is still applicable to dry bulk vessels loading and unloading in Singapore ports and for no more than 5 days. Singapore's port regulator also said that the $ 0.5 / day port VAT preferential offer for the offshore vessel will also be extended from the current 90 days to 180 days.
Singapore Maritime and Port Authority said: "From November 2015 to April 2016, Singapore Maritime and Port Authority have introduced the above temporary economic preferential policies, and the economic policy will be extended until June 30, 2018. Therefore, Once the offer is normally waived on July 1, 2018, the transition plan will be implemented. "
Singapore Port Regulators said in a related statement: "At present, shipping, dry bulk and offshore are facing unprecedented challenges, which can help enterprises to save costs in the short term by extending port preferential treatment in this area."
Therefore, according to relevant regulations, container ships that are loading and unloading at Singapore Port and staying for less than five days will continue to enjoy the port preferential policies of 10% reduction of port fee. The 10% reduction of the port preferential policies are mainly used in addition to the implementation of the green port plan and enjoy 20% tax relief other than the port area.
In the area of dry bulk shipping, the above 10% reduction in port concessions is still applicable to dry bulk vessels loading and unloading in Singapore ports and for no more than 5 days. Singapore's port regulator also said that the $ 0.5 / day port VAT preferential offer for the offshore vessel will also be extended from the current 90 days to 180 days.
Singapore Maritime and Port Authority said: "From November 2015 to April 2016, Singapore Maritime and Port Authority have introduced the above temporary economic preferential policies, and the economic policy will be extended until June 30, 2018. Therefore, Once the offer is normally waived on July 1, 2018, the transition plan will be implemented. "
It is understood that the current port of Singapore port preferential policy will expire later this year. Singapore has long implemented preferential harbor policies primarily to maintain the port's international competitiveness.