Chinese court to auction off Varun Shipping tanker

Chinese court to auction off Varun Shipping tanker

Shanghai Maritime Court will hold an auction for the 1997-built aframax tanker  Amba Bhakti via online platform Taobao on March 15.

The 106,100 dwt tanker was abandoned by Indian owner Varun Shipping in Shanghai. In 2016, Shanghai Maritime Court detained the ship at the request of the ship’s crew and Varun was ordered by the court to pay the crew’s back pay.

Following the crew salary dispute, the vessel continued to be detained by the court at the request of China Shipping Industry due to a ship maintenance contract dispute and the court has now decided to enforce the sale of the vessel.

The starting price for the vessel is RMB24.62m ($3.88m).

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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