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 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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