Russia will subside the ship recycling to
recover part of the cost of acquiring or building new merchant vessels. For the
current year, the government will allocate 400 million rubles and the measure
will last until 2030. The Russian Ministry of Industry and Trade plans to
consolidate the requirements for the priority placement of orders for the
construction of ships at domestic shipyards, which will boost the local sector
and expected to start benefiting the economy from 2020, as the measure is good
only with the full technical modernization of domestic enterprises and need
technical period for modernization of the yards.
“The Ministry of Industry and Trade has
developed a ship recycling grant in the form of subsidies to organizations to
recover part of the cost of acquiring or building new merchant vessels in
exchange for ships that have been scrapped. This year, the planned subsidy is
400 million rubles. Financing of the ship recycling grant will last until
2030”, said the Russian Industry and Trade Minister, Denis Manturov.
The Russian government also plans to boost
shipping industry in the country, as the coastal transportation within Russian
territorial waters should be carried out only under the Russian flag vessel and
ships built at Russian shipyards.
Source:
maritime
herald. 19 March 2017
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