SHIPPING & MARINE | Staff Reporter, Singapore

MPA extends relief measures until June 2021

The MaritimeSG Together package would have expired after 31 December.

The Maritime and Port Authority of Singapore (MPA) announced the extension of certain relief measures under the MaritimeSG Together package until 30 June to support affected sectors in the maritime industry amidst the impacts of COVID-19.

The package, introduced in May to assist companies and individuals during the pandemic, would have expired after 31 December.

Amongst the measures extended are the support for passenger-carrying vessels and passenger terminal operators. It entails the extension of 50% port dues concession for passenger-carrying vessels, including regional ferries and cruise ships with a port stay of not more than five days.

MPA will also extend credit terms of up to an additional 45 days until June to ease pressures for maritime companies having difficulty managing their cash flows.

Moreover, the Seafarers Relief Package will be extended for eligible Singaporean seafarers unable to secure shipboard employment between 1 January and 30 June next year. They can apply for financial assistance of up to $700 per month, maximum of six months.

Relief measures not extended will be halted by 2021.

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