Dry CargoGreater China
Zhangzhou Shipping moves to clear out fleet with handy bulker auction
China’s state-run Fujian Province Zhangzhou Shipping has listed its only two vessels up for auction sale on Guangzhou Shipping Exchange.
The starting price for the 1994-built 22,100 dwt bulker Qi Chen and the 1996-built 27,900 dwt bulker Qi Sheng is $2.05m and $2.35m respectively.
Zhangzhou Shipping is a subsidiary of state-run Zhangzhou Transport Development Group. Following the sale, the company’s fleet will be entirely clear out.