Dry bulk transport benefit scrapping subsidies
Takeaway: the state council recently issued "the shipping industry to speed up structural adjustment to promote transformation and upgrading plan (2013-2015)", put forward "to adjust the continuation of the implementation of old ship scrapping update policy in advance by the end of 2015".
At present, the shipping industry faces the comprehensive loss situation, the valuation at the bottom, most companies to break the net. According to our calculations, the industry scrapping subsidies amount can reach 4.56 billion yuan, the largest dry bulk fleet to disassemble the ship number, dry bulk transport company will benefit.
Scrapping subsidies continue to implement
Recently, the state council issued "the shipping industry to speed up structural adjustment to promote transformation and upgrading plan (2013-2015)", put forward "to encourage the old ship scrapped ahead of schedule, adjust the continued implementation of promoting the old transport ships and single-hulled oil tankers to scrapped earlier policy" on December 31, 2015.
Four ministries and commissions such as the ministry of communications in 2010 issued "to promote the old transport ships and single-hulled oil tankers to scrapped implementation plan", published in 2011 and of the old transport ships and single shell oil tanker to scrapped subsidies measures for the administration of special funds. However, because of too strict for scrapping subsidies, such as Chinese vessels of limit, specify the shipyard, deadline and dismantling period is shorter, less deadline to order the new ships and other conditions,
Since 2013, the contradiction between supply and demand of shipping market is still serious, although cosco bulk, container freight rate in the short term gains, but the overall situation remains depressed. 1 - July, 2013, cosco bulk BDI averages 884 points, fell 8.0% year on year; Coastal bulk CBFI averages 1033 points, fell 7.8% year on year; Container SCFI averages 1102 points, fell 13.7% year on year; Crude oil BDTI averages 637 points, down 15.7% year-on-year.
From the first half of 2013 listed companies to disclose earnings forecast and letters, business situation to accelerate the deterioration of shipping. According to the development of shipping in July 2013, the national development and reform commission and the ministry of communications professional research information, the current maritime industry has emerged of mass bankruptcy, and from the ocean to the inland waterway transport.
In view of the ocean shipping industry faces the comprehensive loss situation, the ministry of communications, the national development and reform commission and other ministries recent frequent committed to survive, take measures to support maritime industry policy directions may include old ship dismantling subsidies and tax breaks, discount loans, capital injection, the Chinese nation fortune, etc.
Dry bulk shipping company the most benefit
Maritime industry management difficult, although the previous old ship dismantling not exceeding the expectation "policy implementation effect, but now the industry is still expect the government policy of providing greater out old ship. If there is further optimized scrapping subsidies, such as cancellation of Chinese restrictions, designated demolition shipyard expansion circumference, etc., are conducive to expanding the scope of the qualified applicant, may achieve better policy effect.
We detailed estimates the old ship early scrappage subsidies policy impact on industry:
Focus on ship form is calculated: dry bulk ships built in 1986 39000 DWT ship subsidies amount is about 19.03 million yuan. 1985 teu container ship in 1985 built the subsidy amount is about 29.31 million yuan of the ship.
Key are measured: (not considering factors, Chinese ahead of 2-10 years apart. China shipping freight container fleet may apply for scrapping subsidies is about 140 million yuan. Coscon container fleet may apply for scrapping subsidies is about 300 million yuan.
Chinese vessels of the industry measurement: according to henriette van niekerk list (incomplete statistics), the industry total subsidy amount can reach 4.56 billion yuan, including dry bulk carrier fleet is most benefit, a total of 180 eligible ships, and subsidies amount is about 3.72 billion yuan.
