Haikou incentivizes shipping companies to set up shop

Guangzhou: According to the new shipping development supporting polices of Haikou released on 20 June, the Hainan port city is to encourage shipping companies to register in the city and provide newly registered ventures subsidies and rewards.

The newly registered companies compliant with supporting conditions are able to enjoy the benefits whereby companies with a capacity above 5,000dwt could get a RMB50,000 reward, and the incentives scale proportionally up to the 50,000dwt mark whereby a company would receive RMB1m.  [21/06/12]

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