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 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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