Abandoned Aroania Maritime bulker to be auctioned by Chinese court

Abandoned Aroania Maritime bulker to be auctioned by Chinese court

China’s Ningbo Maritime Court will hold an auction for the handymax bulker  Avlemon via online platform Taobao on July 25.

The vessel was detained by the court at the request of PaxOcean Zhoushan after the Greek owner Aroania Maritime failed to pay over RMB10m in ship repair fees to the yard in 2016.

Aroania Maritime has since abandoned the vessel along with its crew at the yard, the crew not having been paid in months.

The starting price for the 1997-built bulker in the auction is RMB22.4m ($3.5m).

Aroania Maritime is currently dealing with a number of lawsuit against the company. It has abandoned two of its three vessels with 1994-built handymax Amsel abandoned at the Port of Varna in Bulgaria.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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