Zhejiang Fuxing Shipping to auction off elderly bulker

Zhejiang Fuxing Shipping to auction off elderly bulker

Chinese bulker owner Zhejiang Fuxing Shipping will sell the 40,000dwt handymax bulker  Fu Xing 9 via auction at Zhejiang Property & Stock Exchange on December 29.

The starting price for the 1984-built vessel is RMB13m ($1.96m).

Zhejiang Fuxing Shipping is a joint venture between Zhejiang Shipping Group and Zhejiang Energy Group and it mainly transports coal in the domestic coastal and river markets.

The company currently operates a bulker fleet of 10 vessels with an average age of 24 years.

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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