Court auctions Zhejiang Hangchang Shipbuilding tanker

Court auctions Zhejiang Hangchang Shipbuilding tanker

Ningbo Maritime Court has announced that it will auction a chemical tanker, Chemical Libra, at the request of the creditors of Zhejiang Hangchang Shipbuilding on November 17.

Zhejiang Hangchang Shipbuilding suspended operations in 2013 and went bankrupt in 2014 due to debt issues.

Bidders are required to pay a fund gurantee of RMB5.9m ($928,000) to join the bidding. The starting price for the vessel is RMB40m ($6.3m).

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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