Maritime Singapore Green Pledge

Maritime Activity Reports, Inc.

December 4, 2013

Twenty more maritime companies came together to sign the Maritime Singapore Green Pledge to signify their commitment towards promoting clean and green shipping in Singapore. They join the 40 companies that have already signed the Green Pledge so far.

The signing took place during the Singapore Registry of Ships Forum on "Responsible Shipping" and was witnessed by Lam Yi Young, Chief Executive of the Maritime and Port Authority of Singapore (MPA).

The 20 new signatories of the Green Pledge are listed in Annex A and include shipping lines, salvage companies and offshore service providers. A total of 60 organizations have signed the Green Pledge and pledged their commitment to promote clean and green shipping in Singapore. (Annex A also includes the lists of companies that signed the Green Pledge in 2011 and 2012)

The Maritime Singapore Green Pledge was launched in 2011 as part of the Maritime Singapore Green Initiative. The Maritime Singapore Green Initiative comprises three programs - Green Ship Program, Green Port Program and Green Technology Program. As of end November 2013, 96 Singapore-flagged ships have been recognized as Green Ships under the Green Ship Program, more than 1,900 vessel calls have enjoyed port dues concessions under the Green Port Program and S$12 million of co-funding has been approved under the Green Technology Program. (Please refer to Annex B for a fact sheet on the Maritime Singapore Green Initiative.)

The Singapore Registry of Ships Forum on "Responsible Shipping" was organized by MPA for owners and operators of Singapore-registered ships to exchange views and insights on the challenges faced by various stakeholders in ensuing safe, secure and efficient global shipping activities. More than 200 senior maritime executives attended the Forum.

During his welcome remarks at the Forum, Lam Yi Young, Chief Executive of MPA, announced that starting from 1 January 2014, the Singapore Registry of Ships will introduce a new Annual Administrative Fee scheme to provide greater administrative convenience and lower transaction costs for owners of Singapore-flagged ships. Under this scheme, ship owners will have the option of paying an annual fee of S$600 per ship instead of making payments on a per transaction basis. The majority of ship owners will pay less in total fees if they opt for the Annual Administrative Fee scheme.

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