CSC Phoenix sells 33-year-old bulker to Zhoushan Changhong

Chinese domestic dry bulk operator CSC Phoenix has announced the sale of the 1987-built 43,500 dwt handymax bulker . The Japanese-built vessel has been sold to Zhoushan Changhong International Ship Recycling for RMB19.12m ($2.78m) via an auction, slightly higher than VesselsValue’s valuation of $2.55m. The company expects the deal to bring RMB2.78m of revenue for …

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