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Singapore: MPA announces SGD 27 million support package for maritime industry

Package not only includes monetary assistance for companies, individuals and seafarers but also educational support to ready the industry for post COVID-19 realities.

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The Maritime and Port Authority of Singapore (MPA) on Wednesday (29 April) said it will provide further financial support to the maritime industry in the wake of the global COVID-19 (Coronavirus Disease 2019) outbreak.

The maritime sector is key to Singapore’s economy. Sea trade, which accounts for over 80% of global trade, is particularly important during this time to ensure the flow of essential goods including food and medicine, it said.

To provide support to the industry, MPA has announced the ‘MaritimeSG Together Package’ which will take effect from 1 May 2020. This is on top of previous measures announced under the Unity, Resilience and Solidarity Budgets.

“The effect of global supply chain disruption is increasingly being felt by the shipping industry. It is timely that more support be offered to the industry. While every crisis brings uncertainty, it also brings opportunity,”  said Quah Ley Hoon, Chief Executive of MPA.

“The MaritimeSG Together Package aims to provide targeted support for the maritime companies, individuals, and seafarers. They have been working tirelessly to keep our ports open and cargoes going. 

“Besides showing our appreciation for them, MPA also hopes to take this opportunity to accelerate the transformation of Maritime Singapore for the future. I am confident that this will better position Maritime Singapore for the new normal post COVID-19,” 

The MaritimeSG Together Package, amounting to about $27 million, will provide:

  1. Financial support to companies;  
  2. Financial support to individuals for training; and 
  3. Financial and employment support to Singaporean seafarers. 

Financial support for maritime companies and individuals

30% port dues concession for all cargo vessels

To help vessel owners and operators of cargo vessels, MPA will provide a 30% port dues concession[1] for cargo vessels[2] from 1 May to 31 Dec[3] 2020. MPA will also grant a 30% port dues concession for all non passenger-carrying harbourcraft in the Port of Singapore over the same period.

  • 50% rebate on counter rental and overnight berthing for regional ferry operators

MPA has earlier announced a 35% rebate to regional ferry operators to offset their monthly rental fees for overnight berthing of vessels and counter rental at Tanah Merah Ferry Terminal for three months starting Mar 2020. With effect from 1 May 2020, MPA will increase this support to 50% until 31 Dec 2020.   

  • Upskilling and digital transformation

To strengthen longer-term capabilities, MPA will introduce new manpower schemes and increase the co-funding provided under selected Maritime Cluster Fund programmes, from 1 May to 31 Dec 2020.

A new Maritime Cluster Fund-Internship Reimbursement Scheme will help maritime companies continue to provide students[4] who are Singaporeans or Singapore Permanent Residents with internship opportunities. MPA will co-fund 50% of the internship allowance paid by maritime companies, capped at $500 per month per intern, for up to a maximum period of six months.   

MPA will also increase its co-funding support under selected Maritime Cluster Fund schemes to up to 90%. These measures seek to encourage upskilling and further support maritime companies in their digital transformation efforts during this period. 

  • Credit management measures for maritime companies

MPA recognises that maritime companies may face challenges in managing their cash flows and meeting their financial obligations. MPA will exercise flexibility in credit management measures from 1 May to 31 Dec 2020.

Support for seafarers

  • Singaporean seafarers

During this COVID-19 period, seafarers are faced with uncertainty due to increased border control measures and crew change restrictions. MPA has been facilitating the return of Singaporean seafarers who wish to sign off when their ships call at Singapore. 

We have about 500 Singaporean seafarers and they are an invaluable asset to Singapore’s maritime sector. To support them, MPA and the Singapore Maritime Officers’ Union (SMOU) will roll out the Seafarers Relief Package for eligible seafarers who are unable to secure shipboard employment between 1 May to 31 Jul 2020. They can apply to receive up to $800 per month in financial assistance. 

To encourage Singaporeans to continue to pursue their career advancements, MPA, the Employment and Employability Institute (e2i), SMOU, and the Singapore Organisation of Seamen (SOS) are jointly providing $10,000 to eligible Certificate of Competency Class 1 (COC 1) holders who can accumulate at least six months of sea experience as Chief Officers or Second Engineers from Jan to Dec 2020.

 To enable the Singapore Maritime Academy (SMA) cadets to complete their diploma and obtain their Certificate of Competencies (CoC) as scheduled despite disruptions to their shipboard training, MPA and SMA will exercise flexibility on the curriculum requirements and put in place alternative arrangements such as carrying out classroom trainings online and deferring shipboard training. MPA has also started to carry out oral examinations via video-conferencing for seafarer candidates so as not to hold up the advancement of their careers.

  • Seafarers associations

MPA will continue to partner seafarer welfare associations to provide for the needs of seafarers onboard ships calling at Singapore. MPA will provide a one-off increase of $50,000 to its annual contribution of $150,000 to the seafarer missions in May 2020.  The annual grant supports a wide range of welfare services for seafarers including free counselling services and pastoral care which are both available online.

Video links to soundbites by Quah Ley Hoon, Chief Executive of MPA, Mary Liew, General Secretary of the Singapore Maritime Officers’ Union, and Capt Lee Chee Seong, Fleet Director, Pacific Carriers Limited Singapore are available here.

[1] This will be on top of all existing port dues concessions.
[2] For ocean-going vessels with a port stay of not more than five days. Offshore vessels in port for offshore support will receive a 50% port dues concession for day 91 to day 180.
[3] MPA has earlier announced a 50% port dues concession for passenger vessels from 1 Mar to 31 Dec 2020.
[4] These students will be from the Institute of Technical Education, polytechnics and publicly funded autonomous local universities.


Photo credit: Maritime and Port Authority of Singapore
Published: 30 April, 2020

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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