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.