Dry CargoGreater China

CSC Phoenix sells 33-year-old bulker to Zhoushan Changhong

Photo of Jason Jiang Jason JiangAugust 28, 2020
2,127 Less than a minute

Chinese domestic dry bulk operator CSC Phoenix has announced the sale of the 1987-built 43,500 dwt handymax bulker Ling Hai.

The Japanese-built vessel has been sold to Zhoushan Changhong International Ship Recycling for RMB19.12m ($2.78m) via an auction, slightly higher than VesselsValue’s valuation of $2.55m.

The company expects the deal to bring RMB2.78m of revenue for the company.

Photo of Jason Jiang Jason JiangAugust 28, 2020
2,127 Less than a minute
Photo of Jason Jiang

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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