Court to auction Hua Yun Shipping handymax

Court to auction Hua Yun Shipping handymax

Ningbo Maritime Court will hold an auction for 2008-built handymax bulker Hua Yun 5 via online platform Taobao on August 21.

The proceeds from the auction will be used to solve a debt dispute between the ship’s owner Zhejiang Hua Yun Shipping and its creditors.

The starting price for the vessel in the auction is RMB29.36m ($4.28m)

Ningbo-based Hua Yun Shipping mainly operates a bulk shipping business with a fleet of four handymax bulkers.

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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