Greater ChinaShipyards

Judger Shipbuilding bulker auction fails

Bankrupt Zhejiang shipyard Judger Shipbuilding held an auction for an unfinished 82,000dwt bulk carriers online yesterday, however the auction failed due to there being no bidders.

The vessel was one of two 82,000dwt bulkers cancelled by Hong Kong owner Parakou Shipping. The shipyard managed to sell the other one in January 2014.

The shipyard has been suffering from financial difficulties since 2012 and went bankrupt in April 2015. Its parent Judger Group, a multi sector enterprise has been also under an ongoing restructuring process since 2015.

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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