Fuxing Shipping sells elderly handymax bulker

Fuxing Shipping sells elderly handymax bulker

Chinese bulker owner Zhejiang Fuxing Shipping has sold 1985-built handymax bulker Fu Xing 6 via an auction on Zhejiang Shipping Exchange.

The 26,700 dwt vessel was sold for a price of RMB15.4m ($2.23m), slightly less then the fair market value of $2.9m according to MSI.

Fuxing Shipping has been undergoing a fleet optimisation program. and the vessel is the third elderly vessel it has sold in the past year having sold Fuxing 7 and Fuxing 9.

Since 2018, Fuxing Shipping has acquired three bulkers including the most recent purchase of 2001-built supramax Jin Li from Jinhui Shipping last month. It currently operates a fleet of 12 bulkers.

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.

Related Posts