Court to auction Helice AHTS vessel

Court to auction Helice AHTS vessel

Qingdao Maritime Court has announced that it will auction an AHTS vessel, Han Li Shi 2, belonging to Zhejiang Helice Holding Company at the request of Huazu Financial Leasing as a result of a financing contract dispute.

Huazu Financial Leasing detained Han Li Shi 2 in December 2014 and asked Helice Holding to make payment according to the contract terms. It applied with the court in November to auction the vessel as Helice still hasn’t been able to make the payment.

Zhejiang Helice Holding is a company mainly engaged in the business of marine propulsion systems. It owns two AHTS vessels Han Li Shi 1 and Han Li Shi 2.

Bidders are required to pay a fund guarantee of RMB3m ($470k) to join the auction.

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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