Greater China

Ningbo Marine to sell two bulkers

Shanghai: Ningbo Marine announced today it plans to put two old bulkers from its fleet, Mingzhou 29 and Mingzhou 30, on auction in order to accelerate the optimization of the fleet.

Ningbo Marine said the two vessels have very high fuel consumption and can no longer meet the ship emission standard of Ministry of Transport.

Ningbo Marine reported a net loss of RMB22.43m in the first half of this year. [30/08/13]

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