China COSCO receives $644m subsidy

China COSCO Holdings received CNY4 billion (USD644 million) from the government to scrap old tonnage and fleet renewal on 30 June, a stock filing of the company said.
The subsidies will have a certain degree of positive impact on the company’s financial result for 2015, the company said.
In April,
Details

China COSCO gets $644m state subsidy

China COSCO Holdings received CNY4 billion (USD644 million) from the government to scrap old tonnage and fleet renewal on 30 June, a stock filing of the company said.
The subsidies will have a certain degree of positive impact on the company’s financial result for 2015, the company said.
In April,
Details