Government ready to put another US$19m into Green Technology Programme
The Singapore government is “very encouraged by the good response and participation from the industry we have received so far” to its Maritime Singapore Green Initiative that was launched in July, according to Lam Yi Young Maritime and Port Authority of Singapore’s chief executive.
Speaking at the Green Ship Technology Asia Conference this week, Mt Lam said: “These are voluntary programmes designed to recognise and provide incentives to companies that adopt clean and green shipping practices over and above the minimum required by IMO Conventions. ” He explained that the Singapore Green Initiative comprises three programmes – the “Green Ship Programme”, “Green Port Programme” and the “Green Technology Programme”.
The Green Ship Programme is targeted at Singapore-flagged ships that exceed the IMO’s recently adopted Energy Efficiency Design Index (EEDI) requirements. Under the programme, qualifying ships are eligible for a 50% reduction in Initial Registration Fees payable and a 20% rebate on their Annual Tonnage Tax. Recognition will also be given in the form of certificates and a new “SRS Green Ship of the Year” award starting from the next Singapore International Maritime Awards in 2013.
The Green Port Programme aims to encourage ocean-going ships calling at the Port of Singapore to reduce the emission of pollutants like sulphur oxides and nitrogen oxides. Ships that use type-approved abatement or scrubber technology or burn clean fuels with sulphur content lower than MARPOL requirements within our port limits can enjoy a 15% reduction on port dues payable.
The Green Technology Programme encourages local maritime companies to develop and adopt green technologies by providing co-funding for up to half of the qualifying costs. MPA has set aside S$25 million from the Maritime Innovation and Technology Fund for this programme. If response is good, Mr Lam said, MPA will set aside another S$25m (US$19m) for it.
Mr Lam said that commitment and support from the industry towards clean and green shipping was also evident from the Maritime Singapore Green Pledge signing ceremony held in conjunction with the announcement of the Maritime Singapore Green Initiative in April. During the ceremony, 12 organisations from a diverse spectrum of the maritime industry including shipping lines, port operators, shipyards and oil majors signed a pledge to support clean and green shipping.
Stressing that Singapore is a firm supporter of the work of the IMO he said: “As a council member of the IMO, Singapore participates actively in IMO’s work in all areas, particularly in meeting environmental challenges.” He added: “Singapore’s support of IMO’s work on the environment is evidenced by Singapore being one of the few Asian countries to have acceded to all six Annexes of the MARPOL Convention. Singapore is also party to other IMO Conventions on environmental protection and we take our obligations and duties under these Conventions very seriously.”
Source: World Bunkering