Second auction of STX Dalian falls through

Second auction of STX Dalian falls through

Dalian: Dalian Intermediate Court held an auction for two vessels at the bankrupt STX Dalian yesterday under the request of the yard’s receiver, however, the auction fell through due to there being no bidders.

One day earlier, the second auction for STX Dalian and its six subsidiaries also fell through for the same reason.

The two vessels include one livestock carrier and one VLOC, and starting price for the two vessels was RMB135m ($21.7m) and RMB181m ($29.2m) respectively.

Earlier STX Offshore & Shipbuilding claimed that it owns the two vessels and it has filed a complaint at Dalian Maritime Court, requesting to cancel the auction of the two vessels.

Dalian Shipbuilding Industry Corporation (DSIC) is said to be very likely to take over STX Dalian at the third round of auction at a knockdown price.

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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