Subsidies for scrapping and renewing existing fleet in China

by Editor

Reading Time: 1 min read

In August 2024, China’s Ministry of Transport and National Development and Reform Commission jointly released a new subsidy policy that offers broader eligibility and higher subsidies than the previous policy to coastal ships and inland river vessels. The new policy also extends the scope to ships powered by methanol, hydrogen, ammonia, and electricity. This signals China’s commitment to advancing cleaner […]

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