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China Merchants Energy Shipping disposes of aging bulkerChina Merchants Energy Shipping disposes of aging bulker

China Merchants Energy Shipping (CMES) has disposed of one elderly bulk carrier to a Chinese shipbreaking yard.

Lee Hong Liang, Asia Correspondent

October 10, 2014

1 Min Read
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The 1993-built, 43,400 dwt bulker was sold to Jiangmen Zhongxin Shipbreaking & Steel Co for RMB10.86m ($1.77m), according to an announcement made to the Shanghai Stock Exchange by CMES.

CMES said the bulker Ming Fen is left with around 3.5 years of operational life before it reaches the mandatory scrap age of 25.

The bulker and tanker shipowner said it is waiting to take delivery of 12 new eco-friendly bulkers of 61,000-64,000 dwt in capacity between the third quarter of 2015 to the second quarter of 2016.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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