Anhui allocates RMB1.1bn to river vessel scrapping subsidy

Shanghai: Anhui Maritime Safety Bureau announced that it has allocated RMB1.1bn to a ship scrapping subsidy in a response to the Ministry of Transport’s call to standardize inland river vessels. RMB660m of the subsidy will be provided by the central government.

According to the bureau’s statistics, there are 14,106 vessels with a total capacity of 10.6m dwt that need to be scrapped and the bureau has designated 106 ship breaking yards to scrap the vessels.

Currently the bureau has allocated the first batch of RMB334m to the relevant companies. [20/08/14]

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