Court to auction Jingfan Shipping vessel

Court to auction Jingfan Shipping vessel

Shanghai: Shanghai Maritime Court has ruled to detain a vessel – Jing Fan 1 – of financially troubled Shanghai Jingfan Shipping following the request of 29 crewmembers of the ship due to salary arrears.

Jingfan Shipping has suspended operation since August 2014 due to financial difficulties and has left a huge amount of unpaid debts. The crews of the company also haven’t been paid since then. The owner of the company has fled the country.

Shanghai Maritime Court will start the auction procedures for the ship soon. Another three ships of Jingfan Shipping were also detained by the courts earlier. One of them has been sold via auction, the other two are also waiting to be auctioned.

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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