CSC Phoenix to sell elderly panamax bulker

CSC Phoenix to sell elderly panamax bulker

Chinese bulk shipping operator CSC Phoenix has put its 1986-built panamax bulker Yao Hai up for sale.

The company said the Japanese-built 69,497 dwt vessel is going to reach the compulsory scrap age limit by November this year.

MSI values the vessel at $4.5m.

Currently, CSC Phoenix’s controlling shareholder Tianjin Shunhang Shipping is in the process of liquidation.

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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