Singapore Offers Big Incentives for Cleaner Ships

by Jim Kendrick (Biofuels Digest) In Singapore, the Maritime and Port Authority of Singapore is updating its Green Ship Program, offering incentives for Singapore-registered vessels using low- and zero-emission fuel technologies, starting January 1, 2025. Ships that adopt zero-emission engines, like hydrogen or electric batteries, will qualify for a 100% waiver on both initial registration fees and annual tonnage tax. Vessels using near-zero emission fuels, such as ammonia, will receive a 100% waiver on registration fees and an 80% reduction on tonnage tax.

Ships running on low-carbon fuels, with emissions within specified limits, can save up to 75% on registration and 50% on annual tax, while those that exceed international efficiency standards may qualify for a 20% tax reduction, with additional concessions available for top environmental ratings READ MORE

Excerpt from Safety4Sea: Under the enhanced GSP, MPA will provide ship owners of Singapore-registered ships (SRS) with the following incentives:

SRS that adopt engines/technologies capable of using zero-emission fuels (e.g. hydrogen, battery) as its primary fuel. These ships will enjoy 100% concession on the Initial Registration Fee (IRF) and 100% concession on the Annual Tonnage Tax (ATT).

SRS that adopt engines capable of using zero-carbon fuels (e.g. ammonia with pilot fuel capped at 25% on an energy basis with ammonia slip, NOx and N2O addressed) as its primary fuel will enjoy 100% concession on the IRF and 80% concession on the ATT.

SRS that adopt engines capable of using fuels with CF (conversion factor between fuel consumption and CO2 emission) < 1.375 as its primary fuel will enjoy 75% concession on the IRF and 50% concession on the ATT.

SRS that adopt engines capable of using fuels with 1.375 < CF Value < 2.750 as its primary fuel will enjoy 50% concession on the IRF and 20% concession on the ATT.

SRS that exceeds the requirements of IMO’s MARPOL Annex VI Phase 3 EEDI by 10% or more will enjoy 20% concession on the IRF and 20% concession on the ATT.