Supporting maritime transport
Measures to promote maritime competitiveness
SEYCHELLES: The Cabinet this week approved the extension of provisions under Harbour Regulations that will continue to support local coastal and hire craft operators engaged in inter-island transport and maritime activities.
The approved measures include the continuation of reduced berth dues for local cargo vessels during non-operational hours, fixed monthly berthing rates for resident hire crafts operating on Praslin and La Digue, a 30% discount on ramp usage fees, and concessions for vessels undergoing repairs.
The extension aims to provide operational stability to the maritime sector.
In another decision, Cabinet approved an amendment to the Excise Tax Regulations 2023 to increase the Excise Tax refund rate applicable to Licensed Ferry Service Operators from 25% to 37%. This is aimed at providing a temporary relief to ferry operators facing fuel price increases and rising operating costs.
It will also help maintain the affordability, sustainability, and reliability of inter-island cargo transportation services and mitigate increases in the cost of goods on the inner islands.
PHOTO: © Adobe Photostock Licence
853