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Court lists another unfinished vessel from Jiangzhou Union for sale

A court in Jiangxi has listed an unfinished MPP vessel at defunct Jiangzhou Union Shipbuilding for sale through online auction.

According to the court file, the construction of the vessel previously named BBC Topaz is around 40% completed and valued at RMB18m ($2.7m).

The auction will start on November 15 via online platform Taobao, and the starting price is RMB12.96m.

Last month, another unfinished vessel at the shipyard, BBC Tourmaline which is 85% completed, was listed for auction sale however the sale fell through due to no bidders.

Jiangzhou Union Shipbuilding suspended operations in 2018 due to financial difficulties, and its parent group China Ocean Industry entered into a debt restructuring process last year. 

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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