Fujian Guanghui- last ship to be auctioned by court China,believed the lender of loan, applied to the court for the repayment of the loan, the last ship of a fleet 27 ships years ago will be put in auction by XIAMEN Maritime Court.
The sale will be held on 16 October, 2017 with a base price 99.50 million Yuan (1 USD = 6.59 Yuan) With this auction, Guanhai Shipping will exit the industry with nothing left.
The ship Guanhai 228 Anchor at Shanghai Port of Registry Hong Kong Bulk Carrier Built in June 2012
GRT 43746；NRT 26456； DWT 80012 tons Diposit required by the court is 19 million Yuan Due to long lasting losses,
the company has been in debt to its staff and crew as long as 32 months. So the assets in its office building was sold by court auction already. It is a pity that the business used to be a leading shipping business in Fujian Province, ranked no 6 in China with a fleet of 27 ships, total asssets worth of 2.9 billion Yuan.
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