Singapore’s MPA introduces new fee to boost LNG bunkering

The Maritime and Port Authority of Singapore (MPA) said it has introduced a new cargo fee as it looks to boost LNG bunkering and breakbulk activities in the port.

MPA said the new volumetric fee on LNG cargo operations from floating storage units and floating storage and regasification units would take effect from July 24.

The port authority said it would impose the 20 cents/ton fee on all LNG loadings onto FSUs and FSRUs docked at an MPA-approved berth.

Moreover, the fee would not include LNG cargo discharging operations from an FSU/FSRU to another vessel or to ISO tanks, it said.

With this move, MPA would “ensure a level playing field for the deployment of such MPA-approved FSUs/FSRUs in Singapore,” it said.

MPA previously said that Singapore has ambitions to become Asia’s leading LNG bunkering hub.

To remind, Singapore’s first LNG bunkering ship FueLNG Bellina, owned by Keppel Offshore & Marine and Shell, has earlier this year completed its first bunkering operation.

Also, FueLNG said recently the vessel wrapped up its tenth fueling operation in the port.

Besides FueLNG, Singapore’s Pavilion and France’s TotalEnergies have secured LNG bunkering licenses from MPA to supply the fuel in Singapore.

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