China Shipping Container Lines (CSCL) (02866) said it has applied for the special subsidies in respect of the retirement and dismantling of five vessels during the period from 1 January 2013 to 30 April 2014, and has received special subsidies in the amount of about Rmb40 million from the Ministry of Finance as subsidy for the retirement and replacement of transportation vessels yesterday.
CSCL has recognized the subsidies received as non-operating income, and included the same in the consolidated profit and loss for 2014 of the Group.