China Adds 9 Shipyards to Favored 'White List'
China has added nine shipyards to its "white list" of firms deemed worth of favourable policy support, as it attempts to tackle overcapacity that has weighed on the global shipping market. In September, it published a list of 51 yards which it later cut to 50. These yards, which it says are judged to comply with requirements such as ship emissions, are expected to get favourable policy support, such as bank credit and export tax rebates. The nine include subsidiaries of state-backed firms China State Shipbuilding Corporationā¦
China Names 9 Shipyards for 'Favorable' Treatment
China has added nine shipyards to its "white list" of firms deemed worth of favourable policy support, as it attempts to tackle overcapacity that has weighed on the global shipping market. In September, it published a list of 51 yards which it later cut to 50. These yards, which it says are judged to comply with requirements such as ship emissions, are expected to get favourable policy support, such as bank credit and export tax rebates. The nine include subsidiaries of state-backed firms China State Shipbuilding Corporation, China Shipbuilding Industry Corporation, China Ocean Shipping (Group) Company and Aviation Industry Corporation of China , according to the list put up on the Ministry of Industry and Information Technology's website on Wednesday.
China Lists 51 Shipyard 'White List'
China has released its first "white list" of 51 shipyards that it deems worthy of favourable policy support, as the world's largest shipbuilder strives to tackle over-capacity that has slammed the global shipping market. The government said last year that shipbuilders that complied with its requirements in areas like ship emissions would be put on a white list for favourable policy support, such as export tax rebates and bank credit. The list published on the Ministry of Industry and Information Technology's website on Wednesday included the Jiangsu shipyard of heavily indebted China Rongsheng, Singapore-listed Yangzijiang's New Yangzi shipyard and two of Sinopacific Shipbuilding yards.
Mystery Barges Emerge on Both US Coasts
Two cargo barges have popped up on either coast of the country, prompting wild rumors about whether Google is behind the floating enigmas and what projects could possibly be in store, reports the Christian Science Monitor. On the edge of Treasure Island, an old Navy base in the San Francisco Bay, the 250-foot long, 72-foot wide, four-story tall cargo barge with the registration BAL 0010 is not open to the public, and is heavily guarded at all times. It is also attached to a warehouse called Hangar 3, which has also been heavily guarded since it started working with a new tenant last year.
NOAA: Air Pollution Plummets when Ships Shift Fuels
New clean fuel regulations in California and voluntary slowdowns by shipping companies substantially reduce air pollution caused by near-shore ships, according to a new NOAA-led study published online today in Environmental Science & Technology. The study examined a container ship operating under a 2009 California regulation requiring that ships switch to low-sulfur fuels as they approach the California coast, and also adhering to a voluntary state slowdown policy, intended to reduce pollution. The research team found that emissions of several health-damaging pollutants, including sulfur dioxide and particulate matter, dropped by as much as 90 percent.
