China Shipping receives subsidies for ship disposal

Shanghai: China Shipping Container Lines has announced that the company has received special subsidies valued around RMB40m from the Ministry of Finance as a subsidy for the retirement and dismantling of five ships.

China Shipping Development also received subsidies of RMB215m for the disposal of 15 ageing ships.

The subsidies will have a positive effect on the annual results of the group, the company said. [30/09/14]

Related Posts