Singapore slashes port dues for container vessels

Khaw Boon Wan, Singapore’s minister for transport, has announced cuts in port dues for containerlines calling at Singapore. Singapore box volumes contracted by 8.7% last year, largely caused by the overall slump in Asia-Europe volumes.

From January 15, Singapore port will be granting an additional 10% concession on port dues for container vessels, if they are carrying out cargo works with a port stay of not more than five days. The additional concession will be in place for one year, and will be granted on top of existing port dues concessions such as the Green Port Programme incentives and the 20% concession first introduced in 1996.