You are here
China ups subsidy for scrapping old ships by 50%
[HONG KONG] China, the world's biggest shipbuilding nation, will increase cash subsidies for scrapping obsolete ships by 50 per cent to help cut overcapacity and emissions.
The government will grant 1,500 yuan (S$309) per gross ton for shipping companies to replace obsolete ships,
- CALL +65 6388 3838
- EMAIL email@example.com