The company received a subsidy of CNY 215m ($35m) from China’s ministry of finance.
The ships were sent for demolition between 1 January 2013 and 30 April 2014.
Among the binned vessels were the following: the 19,500-dwt sisterships Zhen Fen 9 (built 1986) and Zhen Fen 10 (built 1985), the 34,748-dwt Da Qing 71 (built 1995), the 34,748-dwt Da Qing 72(built 1994), the 34,836-dwt Da Qing 73 (built 1995), the 34,715-dwt Da
