Hua Yun Shipping handymax sold at auction

Hua Yun Shipping handymax sold at auction

Ningbo Maritime Court has sold Zhejiang Hua Yun Shipping’s 2008-built Hua Yun 5 via an online auction.

The 22,000 dwt vessel was sold to an undisclosed buyer for a price of RMB40.01m ($5.83m). The proceeds will be used to solve a debt dispute between Hua Yun Shipping and its creditors.

Following the sale, Hua Yun Shipping’s fleet has been downsized to three handymax 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.

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