PSA cutting port dues like crazy to stop losing business

[Papsmearer]

Extra 10% concession on port dues for container vessels in Singapore
The additional concession will be on top of the existing port dues concessions. These are expected to amount to more than S$17 million in annual savings for container liners.

SINGAPORE: An additional 10 per cent concession on port dues will be granted to container vessels calling at the Port of Singapore, starting from Friday (Jan 15).

The additional concession will be in place for one year, and will be granted to container vessels calling at the Port of Singapore if they are carrying out cargo works with a port stay of not more than five days.

The additional concession will be on top of the existing port dues concessions, such as the Green Port Programme incentives and the 20 per cent concession introduced in 1996.

In all, these concessions are expected to amount to more than S$17 million in annual savings for container liners and help Singapore strengthen its position as a global hub port.

Transport Minister and Coordinating Minister for Infrastructure Khaw Boon Wan announced this at a maritime industry conference on Wednesday.

He said: "It's another reflection of the Singapore Government's consistent commitment to stand with and help our partners through challenging times. To further strengthen Singapore's position as an international maritime centre, MPA (Maritime and Port Authority of Singapore) will develop a manpower plan for the Sea Transport Sector under the SkillsFuture framework.

"I am happy that three new SkillsFuture Earn and Learn programmes for the maritime sector will be rolled out by June this year."

The initiative comes amid a challenging operating environment, where the Port of Singapore posted a mixed performance for 2015 on the back of weak global economic conditions and structural changes in the maritime industry.

Advance estimates show that container throughput in 2015 fell by 8.7 per cent on-year, while cargo throughput contracted by 1.1 per cent. In contrast, vessel arrival tonnage grew 5.6 per cent. Singapore remained the world's top bunkering port with a 6.5 per cent increase in volume of bunkers sold

 

[frenchbriefs]

These clowns run a maritime business like they running a supermarket,oh yeah concessions,rebates and cashback and vouchers and earn and learn.doesnt know how to make his business more competitive.

 

[halsey02]

There was a time, they were so ARROGANT....remember "evergreen " & as it "Maersk" or?......they moved their operations to Johor....

"I am happy that three new SkillsFuture Earn and Learn programmes for the maritime sector will be rolled out by June this year."
The Cow$8 is saying?....this will upturn the downturn?...what has the Skillsfuture wtf gonna help?? saying irrelevant things...

 

[frenchbriefs]

Whats a bunkering port?

 

[halsey02]

Whats a bunkering port?

"petrol stations' for ocean going vessels......last time, not so long ago, a lot of 'under the table business.....big market....

 

[Papsmearer]

There was a time, they were so ARROGANT....remember "evergreen " & as it "Maersk" or?......they moved their operations to Johor....

"I am happy that three new SkillsFuture Earn and Learn programmes for the maritime sector will be rolled out by June this year."
The Cow$8 is saying?....this will upturn the downturn?...what has the Skillsfuture wtf gonna help?? saying irrelevant things...

Tanjung Pelepas must be killing them. I expect them to announce more and more discounts in the future.

 

[halsey02]

Tanjung Pelepas must be killing them. I expect them to announce more and more discounts in the future.

They are actually 'killing thyself with their songs' for many years now....you know them well enough...."ARROGANT, POMPOUS & B$#$#$%$D"...what is new??

 

[Unrepented]

They should have introduce the "PSA passion card":o

These clowns run a maritime business like they running a supermarket,oh yeah concessions,rebates and cashback and vouchers and earn and learn.doesnt know how to make his business more competitive.

 

[syed putra]

Tanjung Pelepas must be killing them. I expect them to announce more and more discounts in the future.

RM devaluation probably making it cheaper.

 

[aerobwala]

The ethical standards, corporate governance set so high, how to do business ?

"petrol stations' for ocean going vessels......last time, not so long ago, a lot of 'under the table business.....big market....

 

[johnny333]

RM devaluation probably making it cheaper.

Must thank PAP for making Spore the worlds most expensive place to live & probably to do business.
I think the PAP under LHL has finally killed the goose that lays the golden eggs.

 

[Brightkid]

Has usual for all Govt-related businesses, it's too little and too late.

One does not wait until your neighbor's tiger become mature before you try to tame it.

 

[kryonlight]

What's wrong with earning less money?

 

[Narong Wongwan]

Tanjung Pelepas must be killing them. I expect them to announce more and more discounts in the future.

They are going full steam ahead with Tuas port.
And they going to have massive 90+ berths in Pasir Panjang when fully operational.
Haha the container terminals going to be ghost towns.

 

[Leckmichamarsch]

Grace Fu was hotshot there........ why din she lay down a foolproof strategy before vamoosing to PAP to enjoy life there???

 

[Leckmichamarsch]

They are going full steam ahead with Tuas port.
And they going to have massive 90+ berths in Pasir Panjang when fully operational.
Haha the container terminals going to be ghost towns.

I thot Woody said PSA is invincible when he was PeeM//////////

 

[Narong Wongwan]

I thot Woody said PSA is invincible when he was PeeM//////////

Local real estate guru Dennis Wee's famous quote.....

"When the market is good, even monkeys make money...."

 

[Papsmearer]

They are going full steam ahead with Tuas port.
And they going to have massive 90+ berths in Pasir Panjang when fully operational.
Haha the container terminals going to be ghost towns.

Wow, yeah, can hold the next F1 race down there. I wonder if the fact that there are 2 ex SAF scholar shits sitting on the MPA BOD got anything to do with how bad these guys are doing.

 

[Papsmearer]

Finally a chance to use our expensive and over train military. How about a force of SOF and Commandoes dropped of by submarine to Tanjung Pelelpas and blow up their facilities there. Forcing customers to use Tuas.

 

[JohnTan]

They should have introduce the "PSA passion card":o

Good idea! I hope you get your own Passion card! I did! See how much my wife loves me now!