Zhongjiang Ocean Shipping takes seized bulker in Taobao auction

Zhongjiang Ocean Shipping takes seized bulker in Taobao auction

Shanghai Maritime Court has sold a seized bulk carrier to Hong Kong owner Zhongjiang Ocean Shipping via an auction on Chinese e-commerce platform Taobao for RMB16.89m ($2.41m).

The Panama-flagged vessel Mahoni, which was owned by Indonesian company Meranti Maritime, was arrested at Shanghai Port in May 2016 under the court’s ruling after 31 Filipino crew of the ship filed a lawsuit against the owner over salary disputes. The crews claimed that they hadn’t been paid for 18 months.

According to an official from the court, Zhongjiang Ocean Shipping will use the ship to transport lumber.

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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