Ningbo Marine Court is going to hold an auction to sell the 2010-built capesize bulker Five Stars Beijing through online platform Taobao on December 6.
The 179,800 dwt bulker is the last ship belonging to the now defunct Five Stars Fujian Shipping.
In August, Beihai Maritime Court sold the company’s capesize bulker Five Stars Fujian for around $24.8m. Greek owner Safe Bulkers acquired the vessel and renamed it Mount Troodos.
Five Stars Fujian has been suffering a financial crisis since 2016 and all assets of the company had been seized by creditor banks.