In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg.
Another active week in the newbuilding market is reported in the latest Clarkson Hellas S&P Weekly Bulletin, as follows:
Dry Bulk Carriers
Starting with the
Rolls-Royce has been awarded a strategic contract to supply Abu Dhabi Marine Operating Company (ADMA-OPCO) with power generation equipment and related services