LNG support

The Maritime and Port Authority of Singapore (MPA) has introduced a new harbour craft port dues concession to support the deployment of floating storage units (FSUs)/ floating storage regassification units (FSRUs) in Singapore for LNG bunkering and breakbulk activities.

“Qualifying vessels include FSUs/FSRUs which are new builds or part of the existing fleet and these will enjoy a 50% harbour craft port dues concession, up to $0.6 million annually per craft, for a period of 5 consecutive years,” said MPA.

The qualifying period is from 1 Jul 2021 to 31 Dec 2024 for a period of five consecutive years where conditions are met. The 50% concession will be given annually upon successful renewal of the harbour craft licence.

Conditions include the FSU/FSRU has to be licensed as harbour craft and Singapore-flagged; the FSU/FSRU has to be deployed at a berth approved by the Port Master and not at anchorage; the FSU/FSRU will not be allowed to leave the port of Singapore during the 5-year consecutive period without approval by Port Master; and the company operating the FSU/FSRU must prove to MPA that the FSU/FSRU would support (i) LNG bunkering activities or (ii) LNG bunkering and breakbulk activities, with an estimate of such volumes over a 5-year consecutive period.

In March, MPA awarded a third LNG bunker supplier licence to Total subsidiary, Total Marine Fuels Private Limited. The licence follows a 10-year agreement signed by Total back in 2019, to develop an LNG bunker supply chain in the Port of Singapore.

In the same month, MPA hosted the bunkering of the CMA CGM Scandola by FueLNG Bellina, Singapore’s first LNG bunkering vessel.