STX Dalian receiver to auction more vessels

STX Dalian receiver to auction more vessels

Dalian: The receiver of bankrupt shipyard STX Dalian is going to auction a bulk carrier and a containership under construction at the yard at Dalian Intermediate People’s Court on August 6.

According to an announcement from Shanghai International Commodity Auction Company, the auction agency designated by the receiver, the vessels are a 400,000 dwt bulker named Vale Ponta Da Madeira and a 2,000 teu containership named X-Press Nuptse, which X-Press Feeders has replaced with a 1,700 teu boxship from Ouhua Shipbuilding using the same name.

Bidders are required to pay a RMB5m fund guarantee to join the auction.

STX Dalian has held three rounds of auctions for a bulk carrier and livestock carrier in the past few months, and managed to sell the livestock carrier in June.

The auctions for the entire assets of STX Dalian have failed three times due to there being no bidders.

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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