Zhejiang Ouhua seeks contractors to take over unfinished newbuildings

Zhejiang Ouhua seeks contractors to take over unfinished newbuildings

Bankrupt Chinese shipyard Zhejiang Ouhua Shipbuilding has issued a notice looking for contractors to take over the construction of seven unfinished containership newbuildings.

The seven newbuildings are three 1,700 teu boxships, two 5,300 teu boxships and two 3,100 teu boxships. One of vessels has launched, three vessels were at block joining stage and the other three were at block construction stage.

According to Ouhua, all the vessels have been abandoned by the owners and the relevant financial institutes have completed the refund process.

The shipyard is hoping to find a third party contractor to complete the construction of the ships at Ouhua’s yard and export the vessels in name of Ouhua.

The interested parties are required to submit proposals to the yard before a deadline of October 18.

Ouhua Shipbuilding filed for bankruptcy protection with a court in Zhoushan in May and issued a notice last week to seek new investors to restructure the yard.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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