China Shipping Development Co (CSDC) received a subsidy of $35m from China’s ministry of finance, as seen its participation in a government scrapping project pay off after sending 15 vessels to the breakers’ yards.
China Shipping Development Co (CSDC) sent ships for demolition between 1 January 2013 and 30 April 2014.
19,500-dwt sisterships MV Zhen Fen 9 (built 1986) and MV Zhen Fen 10 (built 1985), the 34,748-dwt MV Da Qing 71 (built 1995), the 34,748-dwt MV Da Qing 72(built 1994), the 34,836-dwt MV Da Qing 73 (built 1995), the 34,715-dwt MV MV Da Qing 74 (1994), the 34,000-DWT MV Da Qing 75 (built 1995), the 37,000–dwt bulker MV Huaguang (built 1982), the 38,800-dwt MB Dan Chi (built 1994) and the 13,100-dwt MV Tai Chuna (built 1995).