Court to auction Qingdao Xinwei Shipping vessel to pay crew

Court to auction Qingdao Xinwei Shipping vessel to pay crew

Wuhan Maritime Court has announced that it will auction Qingdao Xinwei Shipping’s multi-purpose vessel Shun Cheng on November 12, at the request of 19 ship crew members from the company.

The crew filed a lawsuit against the company due to a contract dispute and the court ruled to auction the vessel in order to compensate the crew.

The vessel is currently detained at Nanjing Dongshan Shipyard, and the auction starting price for the vessel is RMB12.05m ($1.9m).

Qingdao Xinwei Shipping is a subsidiary of Qingdao Zhenghe Group. Its sister firm Zhenghe Shipbuilding went bankrupt this year.

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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