Dry CargoGreater China

Henghou Group puts VLOC fleet up for sale

Ningbo-based iron ore trader Henghou Group is looking to clear out its shipping fleet, having put its two VLOCs up for sale.

According to shipbroking sources, the company has listed the two 2017-built, 250,000 dwt ore carriers Houheng 5 and Houheng 6 for sale.

The two vessels, currently managed by Thome, are both trading in the spot market.

VesselsValue‘s valuation on Houheng 5 and Houheng 6 is $52.71m and $54.41m respectively.

Henghou Group is currently engaged in the business of iron ore trading, shipping, real estate and logistics park development.


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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