Zhenghe Shipping bulker to be auctioned

Zhenghe Shipping bulker to be auctioned

Qingdao Maritime Court has announced that it will auction bulker Fu Shan Wan, belonging to Zhenghe Shipping, on December 22 at the request of six crews who have contract disputes with the company’s subsidiary Qingdao Marine International Manning Company.

Zhenghe Shipping is currently in the middle of a financial crisis, it was sued by a number of employees earlier this year over unpaid salaries.

The company’s subsidiary shipyard, Zhenghe Shipbuilding, suspended operations in September and is currently looking for 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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