Ningbo Maritime Court will hold auctions for three bulk carriers, the 2006-built Heng Hai 6, the 2007-built Heng Hai 11 and the 2008-built Heng Hai 8 on March 26, March 28 and March 29 separately via online platform Taobao.
The three vessels, owned by Ningbo Henghai Shipping, were detained by the courts due to financial disputes with creditors.
Henghai Shipping mainly operates domestic in the bulk shipping business and the company has been suffering financially since 2017. Most of the company’s vessels have been seized by courts at the request of creditors.
