China Merchants Energy Shipping pockets $116m in subsidy

China Merchants Energy Shipping (CMES) announced that it has received RMB763.44m ($115.81m) in government subsidy...

CSCL, CSDC get $169m of subsidy for scrapping vessels

China Shipping Container Lines (CSCL) and China Shipping Development Co (CSDC) have received a combined RMB1.05bn ($169.08m) in government subsidy under the scrap-and-build policy. ...

CSC Phoenix gets $8.9m subsidy for scrapping old ships

Changhang Phoenix (CSC Phoenix), the bulk shipping arm of Sinotrans & CSC Group, said it has received RMB55.4m ($8.9m) worth of government subsidy for scrapping old vessels. ...

CSDC secures additional subsidy

China Shipping Development (CSDC) turns out to have received subsidies of around CNY 241m (around $39m) through...

China Shipping’s Firms Get CNY319M Subsidy for Scrapping Old Ships

The two listed units of China Shipping (Group) Co., the nation’s second largest shipping group, ...

Ningbo Marine gets $5.8m subsidy for ship scrapping

Ningbo Marine has received RMB35.6m ($5.8m) in government subsidy for the scrapping of two elderly dry bulk...

Cosco to build 45 ships using Beijing scrap and build subsidy scheme

CHINA Cosco Holdings has outlined plans to built 45 new ships - 30 bulk carriers and five containerships - in ...