Dry CargoGreater China

Administrators to sell unfinished Guiqin Shipping vessel

The administrators of bankrupt Qinzhou Guiqin Shipping have listed an unfinished 6,000 dwt multipurpose vessel for auction via online platform Taobao.

The unfinished vessel, Sheng An Da 13, is currently docked at Jiangmen Nanyang Shipyard and construction of the vessel has been suspended.

The auction will start on September 20 and the starting price for the vessel in the auction is RMB6.95m ($1m).

Once a major shipping company in Guangxi province, Guiqin Shipping was declared bankrupt in 2015, and most of the company’s fleet has been sold by courts and administrators.

VesselsValue data show the company’s fleet is now left with one handy bulker called Wan Da 9.

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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