Tianjin Shunhang to sell stake in CSC Phoenix

Chinese domestic dry bulk operator CSC Phoenix has announced that the administrators of Tianjin Shunhang Shipping will list its entire 17.84% stake in CSC Phoenix for sale by auction on December 17. Tianjin Shunhang took over CSC Phoenix from its previous owner Sinotrans & CSC in 2015 but failed in an attempt to restructure it …

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