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.

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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China extends lucrative scrapping subsidies by 2 years

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Cosco scraps more ships as part of fleet renewal

Cosco receives giant state loan for newbuildings

China awards four carriers state subsidies for scrapping

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs