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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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