Dry CargoGreater China

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 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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