There are 11 people to the shipping company China Securities News reporter revealed, the company recently learned, scrapping subsidy rules will be introduced during the year.
Scrapping subsidies the draft rules have been developed, is now in the Ministry of finance, the Ministry of communications, the Ministry of industry and information technology, development and Reform Commission and other ministries sign process. The ministries of relative clauses have reached a basic consensus. Rules may continue the provisions of the demolition of the old ship at the same time, enterprises purchase new boats have eligibility.
In 2013 the shipping market downturn, this year 1-9 month the Baltic Dry Index (BDI) value is only 997. Analytic personage points out, scrapping subsidy rules promulgated, will bring about the amount of 4560000000 yuan subsidy for the whole industry, shipping industry especially dry bulk shipping company will usher in a major favorable policies.
The original scheme does not reach the expected effect
Since the old ship dismantling, policy trends are prepared by the attention.
Earlier, the Ministry of communications and other four ministries issued in 2010 "to promote the old ships and single hull tankers scrapped update scheme", released in 2011, with the support of the "old ships and single hull tankers scrapped update grant special funds management approach".
However, due to the scrapping subsidy requirements are too strict, such as limited China ships, designated ship dismantling plant less, a short cycle, a dismantling of building new ships and other conditions, resulting in response to not more than, the effect of policy implementation does not reach the expected.
The shipping industry is difficult, although the previous old ship dismantling policy implementation effect is not expected, but the industry is still very expect the government to introduce greater efforts to eliminate aged boat policy. In late October 2012, domestic boat look forward to the Ministry of transport, suggestions to further increase domestic old ship dismantling policy support.
In 2013 August, the State Council issued "the shipbuilding industry to speed up structural adjustment and promote the transformation and upgrading of the implementation plan (2013-2015)", proposed the adjustment continue promoting old ships and single hull tanker ahead of scrapped update policy to December 31, 2015. This led to the introduction of rules is expected to more strongly.
The amount of subsidy of nearly 4600000000 yuan
The scrapping subsidy rules promulgated, will solve the scrapping subsidy scheme the original application conditions too many questions, make the old ship dismantling policy really good shipping enterprises.
According to introduction, scrapping subsidy rules will be on early retirement of old ships of business subsidies, subsidies will at least ensure no loss making enterprises dismantling process, which will make up for the whole ship scrap later spread.
In 2010 the "implementation plan" subsidy is base ship every tons 1000 yuan of government subsidies. According to the analysis, if the continuation of 2010 program subsidies, will only apply conditions relaxed, so according to industry estimates: according to authoritative international shipbuilding shipping research organization Clarkson provides China ships list (incomplete statistics), the industry total amount of subsidies will reach 4560000000 yuan. The dry bulk fleet for the largest number of dismantling the ship, the ship in accordance with the conditions of a total of 180 vessels, the amount of subsidy of about 3720000000 yuan.
Dry bulk shipping company's benefit
2013 shipping business performance continued to deteriorate. A stock shipping company three quarterly show, about 11 shipping listing Corporation before the three quarter net profit loss for a total of about 6694000000 yuan, of which 10 companies are all losses. Scrapping subsidies rules will be introduced for the shipping enterprise profit especially listing Corporation has brought a "timely rain".
According to the statistical data published by Clarkson in 2012, China top three shipping enterprises (COSCO, China shipping, Sinotrans CSC) Shipbreaking only 2000000 ton, and 20 years of age or old ship size is close to 8000000 tons deadweight. According to the Department of transportation website reported, by domestic Shipbreaking subsidies policy trend since 2012, COSCO and other large shipping company suspended the sale of scrap ship. This means that the domestic shipping companies have accumulated a number of the old ship demolition.
Scrapping subsidies after the introduction of rules, for the struggling listing Corporation reduced, will help a great. Government subsidies to the group, group and then to the possibility of a larger listing Corporation. According to CICC forecasts, if dismantling the implementation of subsidy policy, China shipping development will have an additional 500000000 -7 billion yuan of profit contribution reflected in the 2014.
Analytic personage points out, at present the shipping sector valuation at the bottom, most companies have been breaking the net, the recommendations concern old ship dismantling subsidies and other support policies and investment opportunities, relative dry bulk shipping company benefited most from.