Having concluded a number of capesize and panamax bulkers
eligible for the subsidies, at decent prices from state owners since the end of
Chinese New Year, Chinese scrap yards look set to be busy for the remainder of
the year.
The subsidy runs until the end of 2015 after which, a more
competitive international ship recycling industry is set to jump back into the
frame.
Despite economic concerns, the government has been making
encouraging noises during the communist party conference over the past few
weeks, about growth and stimulus packages (if required) to keep China on track
as the world’s second largest economy.
Source: steel guru. 18 Mar 2015
No comments:
Post a Comment