Guangzhou Yuean Shipping to sell supramax bulker

Guangzhou Yuean Shipping to sell supramax bulker

Chinese bulker operator Guangzhou Yuean Shipping is looking to sell 2006-built supramax bulker Yue An Zhi Xing.

The company has commissioned Guangzhou Shipping Exchange to sell the 53,700 dwt Chinese-built bulker through an online auction. The starting price for the vessel is set at RMB65m ($9.22m), higher than MSI’s valuation of $7.9m.

Guangzhou Yuean Shipping currently owns a fleet of four bulkers, made up of one panamax and three supramaxes.

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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