Chaozhou Yatai Shipping has listed its 2012-built 76,000 dwt panamax bulker Ya Tai 3 for auction sale on Guangzhou Shipping Exchange.
The starting price for the Chinese-built vessel in the auction is $1.2m.
Yatai Shipping went bankrupt along with its parent Chaozhou Yatai Energy, a coal trading and shipping company, in 2018. Yatai Energy completed a debt restructuring with a new investor earlier this year.
Ship registration information shows the vessel is currently managed by Cosco Shipping Bulk.
Following the sale, the company’s fleet will be left with two bulkers.