<p>China has unveiled new policies to renew its domestic fleet.&#160; A new scrapping policy, announced earlier this month, targets the nation’s enormous coastal and inland fleets whereby shipowners are eligible for a newbuilding subsidy, which largely favours tonnage powered by alternative fuels. Old ships who meet the criteria laid out by Beijing can earn $140 &#8230;</p> </p><p><p>https://splash247.com/china-offers-subsidies-to-local-owners-to-renew-their-fleets/</p></p>