CSC Phoenix sends bulker and barge to scrap

CSC Phoenix sends bulker and barge to scrap

Chinese domestic dry bulk shipping operator CSC Phoenix has announced that it has sold a 44,500dwt bulk carrier Chang Hang Yun Hai and a barge for scrap.

The 33-year-old bulker and the barge were sold to ship scrapping company Jiangsu Changrong Steel for RMB11.2m ($1.64m) in total.

CSC Phoenix is currently under a potential ownership transition process, however the company said the deal is in doubt following a dispute between Tianjin Shunhang Shipping, the controlling shareholder of the company, and the proposed buyer Guangzhou Wenhua Furui.

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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