Court to auction three Fengyuan vessels

Court to auction three Fengyuan vessels

Qingdao Maritime Court has announced that it will auction on January 5 three general cargo vessels, Dong Hong Da, He Hong Da and Ye Da, all belonging to Yantai Fengyuan Shipping.

The auctions were requested by a number of crews of the company over work contract disputes.

The court detained the vessels, which are still on bareboat charter contracts, in October.

Yantai Fengyuan Shipping mainly operates in the domestic coastal shipping business. It is currently dealing with a number of court cases.

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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