Court to auction off four Rushan Shipbuilding chemical tankers

Court to auction off four Rushan Shipbuilding chemical tankers

Qingdao Maritime Court will auction four newbuild chemical tankers from bankrupt Shandong Rushan Shipbuilding via online platform Taobao on August 30.

The 21,000 dwt vessel Long He and 15,900 dwt Long Shun were originally ordered by Italian owner Marnavi, and the 6,500 dwt Long An and Long Ping were ordered by Danish owner Erria.

The vessels were abandoned by the owners due to delayed deliveries and are now controlled by Agricultural Bank Of China in a loan dispute with the shipyard.

The court will sell the four vessels en bloc with a starting price of RMB68.09m ($9.66m) in the auction.

Rushan Shipbuilding was declared bankrupt by a court in 2018.

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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