Dry CargoGreater China

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 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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