- Ansheng Shipping has sent the 698 teu feedermax boxship Hai Su 10 for demolition.
- Delivered by Fujian Mawei Shipbuilding, Hai Su 10 is the youngest ship sent to scrap over the past week.
- The parent company of Ansheng Shipping is dealing with lawsuits for claims totalling around $86.8m against the company.
Ansheng Shipping, a major domestic container shipping company in China, has sent the 698 teu feedermax boxship Hai Su 10 for demolition, reports Splash 247.
Fujian Mawei Shipbuilding
The vessel was delivered by Fujian Mawei Shipbuilding in October 2007. It is said to be the youngest ship sent to scrap over the past week.
Antong Holdings, the parent company of Ansheng Shipping, is currently dealing with lawsuits for claims totalling around $86.8m against the company due to the illegal actions of its president Guo Dongze.
Equity transfer and Asset restructuring
The board of Antong has urged Guo to solve the issue and is looking at solutions including equity transfer, asset restructuring and loans to raise funds and resolve disputes between creditors and guarantee holders.
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Source: Splash247.com
