Ningbo Marine sends elderly handy bulker to scrap

Ningbo Marine sends elderly handy bulker to scrap

Chinese dry bulk shipping operator Ningbo Marine has sold its 1986-built handysize bulker Mingzhou 6 for demolition.

The 27,400 dwt vessel has been sold for a price of RMB15.1m ($2.2m).

Ningbo Marine said the sale of the vessel is part of the company’s strategy to accelerate fleet optimisation.

Ningbo Marine currently owns a fleet of 36 vessels with average age of 13 years, comprising of 26 bulkers and 10 feeder containerships. It also has one 10,000 dwt tanker on order.

 

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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