News Content
Ningbo Marine gets $5.8m subsidy for ship scrapping
Ningbo Marine has received RMB35.6m ($5.8m) in government subsidy for the scrapping of two elderly dry bulk carriers.
The Shanghai-listed company announced on Tuesday that the vessels sent for demolition were the 52,670 dwt Ming Zhou 29 and Ming Zhou 30, both close to 30 years old.
Ningbo has received the subsidy in full last Friday from Ningbo city’s financial bureau.
In September this year, Ningbo Marine spent RMB510m to purchase three new 50,000 dwt bulkers from a domestic shipyard as part of its fleet renewal plan.
Source: Seatrade Global
Latest News
- Shipbuilding In 2017: Any Signs Of Improvement?
- Keppel in talks with Borr Drilling for rig sales
- Japan’s shipbuilding industry turning corner as orders double
- De Boer/Dutch Dredging and Iskes Towage take delivery of ASD 2310 SD at Dam...
- Chinese shipyard order more TTS cranes
- Kommer Damen opens Damen Area Support China