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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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