Dry CargoGreater China

Fuxing Shipping sells elderly handymax bulker

Photo of Jason Jiang Jason JiangAugust 16, 2018
27 Less than a minute

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.

Photo of Jason Jiang Jason JiangAugust 16, 2018
27 Less than a minute
Photo of Jason Jiang

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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