China extends lucrative scrapping subsidies by 2 years

China extends the very lucrative subsidy program for scrapping by an additional two years. The program has boosted earnings for several of the otherwise struggling Chinese carriers.
Photo: PR-foto
Photo: PR-foto
BY OLE ANDERSEN

The government of China has extended its comprehensive state subsidies for the scrapping of old vessels, which a number of the country's major carriers have already benefited from.

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