Shanghai Maritime Court will hold an auction for bulk carrier Qin Feng 198, through online platform – Taobao on March 5. The 8,376 dwt vessel, which has been detained by the court, is the last ship belonging to bankrupt Zhejiang Qingfeng Shipping.
The initial auction price for the vessel is RMB19.38m (USD 3.08m). Qinfeng Shipping operated a fleet of more than 30 bulkers, most of which have been sold by courts to repay debts over the past a couple of years.
Sea News, February 5