Beijing: A new ship
scrapping subsidy policy has recently been completed and is now waiting for
approval from several state departments including the Ministry of Transport and
Ministry of Finance, a source in a state run shipping company has revealed.
Ministry of Transport
released a subsidy policy for ship scrapping in 2012, however, the response
didn’t meet the government’s expectations due to its strict rules and the new
policy aims to eliminate these barriers.
The new policy will
allocate RMB4.6bn towards ship scrapping, the source said.
Source:
sino ship news. 12 November 2013
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