Ningbo Marine to dispose of elderly bulker via auction

Chinese dry bulk shipping operator Ningbo Marine has listed its 1990-built 68,800 dwt panamax bulker for auction sale on Zhejiang Shipping Exchange. The vessel is among the oldest vessels in the company’s fleet. The starting price for the South Korean-built ship in the auction is $3m, the same as Vesselvalue‘s valuation on the vessel. The …

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