Second round of auctions for Lanhai vessels

Shanghai: Guangzhou Maritime Court announced that it will start a second round of auctions online beginning December 10, to sell of six vessels from bankrupt Lanhai Shipping.

The court held an auction for the vessels in November but didn’t manage to sell the vessels. A total of 20 vessels from Lanhai Shipping have been sent for auction since the closedown of the company in August last year.

The company has also cancelled a series of newbuild orders at domestic shipyards including four bulkers at Rongsheng Heavy Industries, two bulkers at Yangfan Shipyard, three bulkers at Xiamen Shipbuilding Industry, two bulkers at Sanfu Shipbuiding and four bulkers at Nanjing Wujiazui Shipyard. [04/12/14]

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