The Maritime and Port Authority of Singapore (MPA) has set aside S$12m ($8.4m) from its Maritime Innovation & Technology Fund with which it plans to contribute to the cost of building new LNG-fuelled vessels.
Interested companies can apply for a co-funding grant of up to S$2m per vessel for a maximum of two successful applications per company.
The scheme is only open to companies incorporated in Singapore, and the vessels to be funded must be flagged under the Singapore Registry or licensed for activity in Port of Singapore for a period of at least five years, the MPA said.
The application process is open now, the MPA says. The criteria and funding guidelines for the scheme can be found here.
On July 28, the MPA launched its first request for proposal (RFP) for applicants interested in supplying LNG marine fuel as part of Singapore’s LNG bunkering pilot programme, scheduled to commence in early 2017. The deadline for applications is today.