Two more CSC Phoenix vessels sold

Shanghai: CSC Phoenix, the loss-making subsidiary of Sinotrans & CSC, announced that it has received a notice from Wuhan Maritime Court that two of its vessels “Chang Hang Jing Hai” and “Chang Hang Mao Hai” have been sold via auction.

“Chang Hang Jing Hai” has been bought by Shanghai Changshun Shipping at a price of RMB78.5m while “Chang Hang Mao Hai” has been bought by Taizhou Yongan Shipping at a price of RMB77.7m.

CSC Phoenix said the auctions have led to a RMB350m loss in assets for the company. [13/11/13]

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