Qingdao bulker auction fails

Qingdao bulker auction fails

The auction of the geared bulk carrier  Cabot Aviva failed at the Qingdao Maritime Court in China yesterday. A second round of bids will now be tabled with another auction likely in April. The ship is controlled by a Chinese entity called Transvast.

The auction had been called in January by China’s Bank of Communications in the wake of a loan dispute.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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