Greater China

Yangzijiang puts three box ships up for resale

Shanghai: Yangzijiang Shipbuilding has put up three abandoned 2500teu containerships for resale.

The three vessels were originally ordered by a German owner, with one of the three vessels already completed and the other two to be completed by May.

Despite the owner having paid 40% down on the contracts, it has decided to cancel the contract due to sharply lower newbuilding prices.

Currently Yangzijiang is looking for new buyers for the three vessels. According to vesselsvalue.com, the price for a 2500teu containership which is schedule to be completed in 2013 is around US$23.3m. [28/01/13]

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