Ningbo court to auction off two Hong Sheng Gang Tai ships

Ningbo court to auction off two Hong Sheng Gang Tai ships

Ningbo Maritime Court has announced that it will auction two ships of defunct Hong Sheng Gangtai Shipping.

The whole management team from the Shanghai-based company went missing in February this year, leaving huge debts behind. The company has since suspended operations.

The two ships are bulk carrier Gang Tai 16 (13,492dwt, built 2008) and multi-purpose vessel Gang Tai 79 (10,100dwt, built 2009). The starting price for the two vessels is RMB11.4m ($1.78m) and RMB11m ($1.72m) respectively.

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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