China Construction Bank (CCB) will auction eight bulkers from bankrupt Guangdong Lanhai Shipping on September 16, according to an announcement on Guangzhou Shipping Exchange.
The eight vessels range between 57,000dwt and 79,600dwt and are all less than 5 years old, with prices ranging from RMB45m ($7.02m) to RMB60m ($9.36m). The bidders are requested to pay a guarantee of $650k to join the bidding.
Lanhai Shipping went bankrupt with its parent Guangdong Lanyue Energy in 2014. So far more than 20 vessels of the company have been sent for auction.