Dry CargoGreater China
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.