Pingtan Minghui Shipping acquires supramax bulker via acution

Pingtan Minghui Shipping acquires supramax bulker via acution

Fujian owner Pingtan Minghui Shipping has acquired the 2006-built supramax bulk carrier  Polestar via an online auction arranged by Wuhan Maritime Court.

The vessel was sold for RMB58.74m ($9.28m).

The vessel was previously owned by Greek company Tortuga Navigation, but was detained by the court at the request of the ship’s crew due to a salary payment dispute.

Pingtan Minghui Shipping mainly operates in the domestic bulk shipping business with a fleet of four bulkers.

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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