Greece has its third Shipping and Island Policy Minister since the left wing government came to power in January 2015. Prime Minister, Alexis Tsipras, August 28, promoted alternate Defense Minister Fotis Kouvelis, to the helm of the Shipping Ministry, replacing Panagiotis Kouroumplis.
With one of the constants of shipping being change, the success story that is Greek shipping is its ability to adapt to change. This message was delivered many times over in Athens last week, a week packed with events discussing and debating the latest developments in shipping.
Cosco Shipping Holdings announced that it has benefited from a government subsidy in the amount of RMB510m ($78.3m) under a scrap-and-build policy.
Cosco Shipping Energy Transportation (CSET) announced that it has received RMB355m ($54.9m) in government subsidy under the scrap-and-build policy.
China’s ailing shipbuilding sector has seen a near one-third year-on-year decline in newbuilding orders over the first half of this year, leaving work-hungry Chinese yards still struggling to stay afloat in the troubled sector.
China’s white list of 70 shipyards is set for a round of reshuffling with 20 names being asked to provide updates on their operating status and changes in corporate identities, according to the Ministry of Industry and Information Technology (MIIT).
China’s Ministry of Industry and Information Technology (MIIT) has announced changes to the country’s white list shipyards with the removal of seven yards and the addition of six.
China’s ship scrapping and newbuilding subsidy scheme aimed at encouraging owners to renew their fleet and creating jobs for shipyards may no longer be a feasible policy, according to an industry veteran.
The start of the US Presidency of Donald Trump has been anything but business as usual and understanding the implications of his Executive Orders is rapidly turning into a full time job for some.
China has unveiled a broad blueprint outlining the reform and transformation upgrade needed for the ailing shipbuilding industry under the country’s 13th Five-Year Plan from 2016 to 2020.