Dingheng Shipping to sell chemical tanker at auction

Dingheng Shipping to sell chemical tanker at auction

Chinese tanker owner Shanghai Dingheng Shipping has commissioned Ningbo Ship Exchange Market to sell 2006-built chemical tanker  Ding Heng 7 via an online auction on November 23.

The starting auction price for the 2,092 cu m vessel is RMB9m ($1.36m).

Shanghai Dingheng Shipping commenced a significant fleet expansion in October, having ordered 16 chemical tankers at Ningbo Xinle Shipbuilding including six under a 10-year bareboat charter arrangement, and it is also in negotiations with the shipyard for an additional order of ten 6,000 dwt tankers.

Dingheng Shipping currently operates a fleet of over 20 small chemical tankers and it is also set to take delivery of six chemical tankers before the end of this year.

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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