Ansheng Shipping sends 12-year old boxship to scrap

Ansheng Shipping sends 12-year old boxship to scrap

Ansheng Shipping, a major domestic container shipping company in China, has sent the 698 teu feedermax boxship Hai Su 10 for demolition.

The vessel, delivered by Fujian Mawei Shipbuilding in October 2007, is the youngest ship sent to scrap over the past week.

Antong Holdings, the parent company of Ansheng Shipping, is currently dealing with lawsuits for claims totalling around $86.8m against the company due to the illegal actions of its president Guo Dongze.

The board of Antong has urged Guo to solve the issue and is looking at solutions including equity transfer, asset restructuring and loans to raise fund and resolve the disputes with creditors and guarantee holders.

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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