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News

Vessel standardisation programme reaches final stage

5 December 2012
Data from the Yangtze River Administration under the Ministry of Transport shows that, by the end of October, the number of vessels on the register of compulsory withdrawal totalled 5,950, accounting for 2.9m dwt. These withdrawn vessels attracted a total subsidy of Rmb1.4bn, including Rmb810m from the central government. A total of 4,677 vessels have been demolished, accounting for 2.3m dwt.

The vessel standardisation programme is driven by the central government to modernise the Yangtze fleet and increase the average size of vessels to 1,000dwt by 2013.

     
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