Singapore to Raise Port Fees in 2 Phases
Singapore will raise port dues in two phases beginning January to help the country fund rising port costs and increase efficiency for the Port of Singapore, the Hong Kong Trade Development Council reported April 21. In the first phase, Singapore…
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will increase fees by 6% for vessels that berth at the port two to four days, with the percentage increasing for longer periods to incentivize “swifter turnaround times,” HKTDC said. In the second phase, beginning in January 2023, Singapore will double rates for vessels that stay in the port for up to one day and will increase rates by 25% for two-day stays. The fees will fund the country’s fairways, anchorages, “various shipping navigation aids” and its vessel traffic management system, HKTDC said.