Abandoned Aroania Maritime bulker sold at auction

Abandoned Aroania Maritime bulker sold at auction

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.

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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