Another Di Yuan Shipping bulker to be auctioned by court

Another Di Yuan Shipping bulker to be auctioned by court

Guangzhou Maritime Court will hold an auction for defunct Shantou Di Yuan Shipping’s 2009-built bulk carrier Di He on October 29.

The valuation price of the vessel is RMB40m ($5.78m).

Di Yuan Shipping suspended operations last year after it was hit by a financial crisis and most of the company’s vessels have been seized by the court.

In August, the court sold off two Di Yuan vessels, the 2009-built Di Sheng and the 2011-built Di Kun.

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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