Dry CargoGreater China

Abandoned Aroania Maritime bulker sold at auction

Photo of Jason Jiang Jason JiangAugust 21, 2018
18 Less than a minute

China’s Ningbo Maritime Court has sold the 1997-built handymax bulker Avlemon via an online auction today.

The vessel had been detained by the court at the request of PaxOcean Zhoushan after Greek owner Aroania Maritime failed to pay ship repair fees from 2016. The owner had since abandoned the vessel along with its crew at the yard.

The 42,600 dwt vessel has been sold to undisclosed buyer for a price of RMB22.07m ( $3.22m), less than the $5.1m fair market value according to MSI.

Photo of Jason Jiang Jason JiangAugust 21, 2018
18 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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