Wuhan Maritime Court has listed 4,400 dwt chemical tanker Lian Run 168 for sale through an online auction scheduled on November 5.
The vessel is owned by financially troubled Nanjing Lianrun Transportation, and has never been put into operation since Yangzhou Ryuwa Shipbuilding completed construction of the ship in 2015.
The starting price for the vessel in the auction is RMB44.79m ($6.31m), while VesselsValue‘s valuation on the vessel is $5.82m.
Nanjing Lianrun was hit by a financial crisis and suspended operations in 2017. The court has put the company into the credit black list this year.
The company, which was put on a credit black list by the court this year, currently has a fleet of two chemical tankers.