Dry CargoGreater China
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.