All 5 Kamsarmax bulkers from Shandong Shipping sold via online auction—totaling over $124 million!

Guangzhou Shipping Exchange has successfully concluded the auction of five 82,000 DWT bulk carriers built in 2017–2018, with 100% of the vessels sold and all fetching prices above reserve levels.
Final Results:
Shandong Fu Yuan: $25.08m
Shandong Fu Ren: $25.62m
Shandong Fu Ze: $24.96m
Shandong Fu Hui: $24.58m
Shandong Fu En: $24.36m

Highlights:
Total transaction value: $124.5 million
Average premium: 4.6%+
Over 40,000 online viewers, buyers from 20+ countries
Each vessel received 50+ bidding rounds, showcasing strong global demand

This auction proves that high-quality Chinese-built tonnage can attract premium attention, even in a soft secondhand market. It also affirms Guangzhou Shipping Exchange’s growing role as a trusted, tech-driven maritime asset platform.

A notable innovation was the 50% commission rebate for brokers, a first in China’s online ship auction market—stimulating broader engagement and co-brokered success.

In a market where liquidity and transparency matter more than ever, this is a case study in how digital platforms can deliver results with efficiency, scale, and global visibility.

by Xinde Marine News Chen Yang

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