Greater China

Court to auction off four Rushan Shipbuilding vessels

Dalian: Qingdao Maritime Court announced that it will auction four chemical tankers at Shandong Rushan Shipbuilding on January 28, under the request of Agricultural Bank Of China in a loan dispute.

One 21,000dwt tanker and one 15,900dwt tanker were ordered by Italian owner Marnavi, and two 6,500dwt tankers were ordered by Danish company Erria in 2007.

The vessels were abandoned by the owners due to delayed delivery and have been controlled by the bank in a loan dispute with the shipyard.

The four vessels are set to be delivered in 2015. [21/01/15]

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