The Government of Hong Kong announced a 30 month extension to its low sulfur fuel switching incentive scheme in order to help the shipping industry cope with the increased operating costs of the fuel switch during the transitional period
Professor Anthony Cheung Bing-leung, Secretary for Transport and Housing, said last week during a speech at the Global Port Research Alliance 2015 Conference:
“Hong Kong will be the first port in Asia to require ocean-going vessels to switch to lower-sulphur fuel while at berth in coastal waters. The new regulation will take effect from July this year and is a major step forward in the improvement of Hong Kong’s air quality and reduction of associated health risks.
“To help the shipping industry cope with the increased operating costs of the fuel switch during the transitional period, the Government has extended the present incentive scheme on concessionary rates in port facilities and light dues for ocean-going vessels for another 30 months until the end of March 2018. Such a scheme is itself a good manifestation of Government-industry partnership in achieving a better environment for all.”
Source: Government of Hong Kong
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