Wuhan Maritime Court is going to sell the 2004-built 52,500 dwt supramax Lord via online auction on November 10.
The vessel was seized by the court at the request of the ship’s crew due to salary payment dispute with the Greek owner Voyage Shipholding.
The starting price for the vessel in the auction is RMB26m ($3.67m). MSI values the vessel at $7.9m while VesselsValue‘s valuation of the vessel is $6.83m.
Ship registration information show that the vessel is the last vessel in Voyage Shipholding’s fleet.