Zhejiang Shipping to Auction Ageing Bulker


Chinese bulker owner Zhejiang Fuxing Shipping will sell the 40,000 dwt handymax bulker ‘Fu Xing 9’ through auction at Zhejiang Property and Stock Exchange on December 29.

The initial price for the 1984 built vessel is RMB 13 million (USD 1.96 million). Zhejiang Fuxing Shipping is a joint venture between Zhejiang Shipping Group and Zhejiang Energy Group.

The company is primarily into coal transport in domestic coastal and river markets. The company currently operates a bulker fleet of 10 vessels with an average age of 24 years.

Sea News, December 19

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News