Singapore has expanded its Green Ship Program to offer incentives to Singapore-flagged ships that adopt approved SOx scrubber technology that goes beyond existing International Maritime Organization (IMO) emission requirements.
In a recently published circular, Cheong Keng Soon, director of marine at the Maritime and Port Authority of Singapore, said Singapore-flagged ships that adopt approved SOx scrubber technology will get a 25 percent reduction of their initial registration fees and a 20 percent rebate on their annual tonnage tax.
This is in addition to the 50 percent reduction of their initial registration fees and 20 percent rebate on annual tonnage tax for ships that exceed the Energy Efficiency Design Index of the IMO.
Singapore-flagged ships which adopt both energy-efficient ship designs and approved SOx scrubber technology that exceeds IMO’s requirements will be given a 75 percent reduction of their initial registration fees and a 50 percent rebate on their annual tonnage tax.
The Green Ship Program, one of three programs under the Maritime Singapore Green Initiative, will come into effect on July 1.
Photo: DearEdward
