Ningbo Maritime Court will hold an auction for 2008-built handymax bulker Hua Yun 5 via online platform Taobao on August 21.
The proceeds from the auction will be used to solve a debt dispute between the ship’s owner Zhejiang Hua Yun Shipping and its creditors.
The starting price for the vessel in the auction is RMB29.36m ($4.28m)
Ningbo-based Hua Yun Shipping mainly operates a bulk shipping business with a fleet of four handymax bulkers.
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Source: Splash 247
