Nanjing Lianrun chemical tanker to be sold by court

Nanjing Lianrun chemical tanker to be sold by court

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.

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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