Dry CargoGreater China

Ningbo Marine to dispose of elderly bulker via auction

Chinese dry bulk shipping operator Ningbo Marine has listed its 1990-built 68,800 dwt panamax bulker Ningbo Pioneer for auction on the Zhejiang Shipping Exchange.

The vessel is among the oldest vessels in the company’s fleet.

The starting price for the South Korean-built ship in the auction is $3m, the same as Vesselvalue‘s valuation on the vessel. The auction will start on August 7.

Ningbo Marine currently owns a fleet of 35 vessels made up of 25 bulkers and 10 feeder boxships.

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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