Foreign funds welcome to expand ocean fleet

时间：2007-07-07 05:42:23

（单词翻译:单击）

July 6 - The government will encourage foreigners to invest in China's shipping1 industry to help expand its fleet, a senior official said yesterday.

 

The country plans to not only make its ocean-going fleet the third largest in the world by 2010, but also improve maritime2 security and better protect national interest, Cao Desheng, deputy director of the Ministry3 of Communications' Water Transport Department, told China Daily.

 

The total deadweight tonnage of Chinese-flag flying ocean vessels5 will reach 100 million by 2010, up from the present 44 million, which makes it sixth largest in the world, Cao said.

 

To fulfill6 the goal, the ministry will encourage banks, logistics enterprises, cargo7 owners and foreign investors8 to invest in its shipping industry.

 

"They can set up new companies along with domestic shipping enterprises, with the latter holding at least 25 percent of the total shares of a new company to overcome worries over shipping security," he said.

 

Foreign investors have to necessarily register their companies in China first, and the ships should fly the Chinese flag.

 

This is important because during "special times like wars, ships flying foreign flags and with foreign sailors won't be able to take shelter in the country". In case that is not done, shipping "essential materials such as oil will be threatened", he said.

 

Also, China National Petroleum9 Corporation (Sinopec) and China Petroleum & Chemical Corporation (Petrochem) will join hands with China Changjiang National Shipping (Group) Corporation and China Shipping (Group) Company to form a new shipping company, Cao said.

 

Another reason for the fleet expansion is that the Ministry of Communications (MoC) wants more Chinese-owned ships to register at home instead of in other countries.

 

High tariff10 and value-added tax on imports, or 27.53 percent cost of shipbuilding, has caused many Chinese ship-owners to register their vessels in other countries. An ocean vessel4 costs several hundreds of millions of yuan, and that should give an idea about the additional costs.

 

According to official figures, the number of Chinese vessels registered abroad has been increasing, and they account for half of the country's total international tonnage.

 

The MoC has decided11 to grant tax exemption12 to Chinese-owned ships that were registered abroad before 2006. This incentive13 is expected to make them register at home -- in Shanghai, Tianjin or Dalian - in the next two years, till July 1, 2009. The ministry is also discussing some long-term policies to encourage Chinese-owned ships to register at home.

 
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1 shipping WESyg     
n.船运（发货，运输，乘船）
参考例句：
  • We struck a bargain with an American shipping firm.我们和一家美国船运公司谈成了一笔生意。
  • There's a shipping charge of ￡5 added to the price.价格之外另加五英镑运输费。
2 maritime 62yyA     
adj.海的，海事的，航海的，近海的，沿海的
参考例句：
  • Many maritime people are fishermen.许多居于海滨的人是渔夫。
  • The temperature change in winter is less in maritime areas.冬季沿海的温差较小。
3 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
4 vessel 4L1zi     
n.船舶；容器，器皿；管，导管，血管
参考例句：
  • The vessel is fully loaded with cargo for Shanghai.这艘船满载货物驶往上海。
  • You should put the water into a vessel.你应该把水装入容器中。
5 vessels fc9307c2593b522954eadb3ee6c57480     
n.血管( vessel的名词复数 )；船；容器；（具有特殊品质或接受特殊品质的）人
参考例句：
  • The river is navigable by vessels of up to 90 tons. 90 吨以下的船只可以从这条河通过。 来自《简明英汉词典》
  • All modern vessels of any size are fitted with radar installations. 所有现代化船只都有雷达装置。 来自《现代汉英综合大词典》
6 fulfill Qhbxg     
vt.履行，实现，完成；满足，使满意
参考例句：
  • If you make a promise you should fulfill it.如果你许诺了，你就要履行你的诺言。
  • This company should be able to fulfill our requirements.这家公司应该能够满足我们的要求。
7 cargo 6TcyG     
n.(一只船或一架飞机运载的)货物
参考例句：
  • The ship has a cargo of about 200 ton.这条船大约有200吨的货物。
  • A lot of people discharged the cargo from a ship.许多人从船上卸下货物。
8 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
9 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
10 tariff mqwwG     
n.关税，税率；(旅馆、饭店等)价目表，收费表
参考例句：
  • There is a very high tariff on jewelry.宝石类的关税率很高。
  • The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。
11 decided lvqzZd     
adj.决定了的，坚决的；明显的，明确的
参考例句：
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
12 exemption 3muxo     
n.豁免，免税额，免除
参考例句：
  • You may be able to apply for exemption from local taxes.你可能符合资格申请免除地方税。
  • These goods are subject to exemption from tax.这些货物可以免税。
13 incentive j4zy9     
n.刺激；动力；鼓励；诱因；动机
参考例句：
  • Money is still a major incentive in most occupations.在许多职业中，钱仍是主要的鼓励因素。
  • He hasn't much incentive to work hard.他没有努力工作的动机。

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