China Construction Bank to auction off eight Lanhai bulkers

China Construction Bank to auction off eight Lanhai bulkers

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.

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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