Yangzijiang Shipbuilding acquires unfinished bulker from Jiangsu Shenghua

Yangzijiang Shipbuilding acquires unfinished bulker from Jiangsu Shenghua

China’s Yangzijiang Shipbuilding has acquired unfinished 79,600 dwt bulk carrier JSH413 at bankrupt Jiangsu Shenghua Shipbuilding yesterday via an online auction.

Yangzijiang Shipbuilding won the auction by offering the highest bid of RMB54.35m ($8.55m) for the vessel.

According to the auction files, the ship has been abandoned for years and some parts of the ship might not meet IMO requirements.

Jiangsu Shenghua Shipbuilding was a joint venture established by Najing Shenghua Shipbuilding and Singapore’s Sentek International. The shipyard went into a bankruptcy restructuring process in 2016.

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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