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HomeMaritime NewsRegionsAsiaChang Jiang Shipping to hawk off four more ships

Chang Jiang Shipping to hawk off four more ships

Chang Jiang Shipping to hawk off four more ships
The troubles of Chinese shipping companies continue, with Shenzhen-listed Chang Jiang Shipping Group Phoenix Co Ltd, which is already in danger of being delisted, putting up another four ships for auction.

Local media reports said the Wuhan-based firm had already auctioned off five ships earlier this year, and another four ships will be sold by auction on 14 December in Wuhan, Hubei province.

The group has made losses of about RMB500m ($82m) from January to September, and will face delisting if it cannot return to profit this year.

TAGS: Dry Bulk Finance & Insurance Ship Operations dry bulk shipping
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