Subscribe to RSS feedChina to lower ship age limit
The soon-to-be-launched stimulus package for shipbuilders in China will include a reduction in the ship age limit and tax exemptions to encourage breaking of old ships and building new vessels at local instead of foreign yards.
Hebei Ocean Shipping chairman Gao Yanmin told Lloyd's List that he understood four of the five suggestions he had proposed to the Ministry of Transport had been written into the stimulus proposal, which is now being reviewed by the country's...
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