en.Wedoany.com Reported - On June 16, the Marine Department of the Hong Kong Special Administrative Region Government officially launched two green marine fuel incentive schemes, valid for three years, aimed at encouraging more vessels to bunker green marine fuels in Hong Kong and accelerating the green transformation of Hong Kong's fleet. The two schemes are the "Green Marine Fuel Related Vessel Port Facilities Concession Scheme" and the "Green Ship Registration Incentive Scheme."

The "Port Facilities Concession Scheme" targets ocean-going vessels that use or bunker designated green marine fuels in Hong Kong, as well as ocean-going vessels carrying green marine fuels for local supply. The covered green marine fuels include liquefied natural gas, methanol, ammonia, hydrogen, and biodiesel (containing at least 20% biofuel). Eligible vessels, after conducting designated operations during their port calls, may apply for a refund of 25% or 50% of the port facilities charges paid. The Hong Kong SAR Government allocated approximately HK$34 million in this year's Budget to implement the relevant measures.

The "Registration Incentive Scheme" offers incentives to existing or newly registered green fuel-powered vessels in the Hong Kong Shipping Register. All Hong Kong-registered vessels using green marine fuels as their primary propulsion fuel are eligible to apply. Qualifying fuels include liquefied natural gas, methanol, ammonia, and hydrogen. Each eligible vessel may receive an annual registration incentive of HK$60,000 for a period of one year or up to three years, with a maximum total incentive of HK$180,000 per vessel.

A spokesperson for the Marine Department stated that the "Port Facilities Concession Scheme" further encourages the industry to adopt green marine fuels, which are more expensive than conventional fuels, and attracts various participants in the bunkering supply chain to establish and expand their businesses in Hong Kong. It is expected that the new scheme will attract over 1,000 vessel calls from relevant ships. The "Registration Incentive Scheme" is anticipated to benefit approximately 170 Hong Kong-registered vessels using green marine fuels over three years.

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