An unusually hurried auction schedule is not encouraging possible buyers, nor are doubts about the state of the project’s completion. But a bargain price is on offer.
This week, China’s Wuhan Maritime Court announced the sale of hull JSH413, which is now at the site of the former Jiangsu Shenghua shipyard in Nanjing. The ship to be auctioned is one of two 79,600-dwt panamaxes ordered in 2009 at the now defunct yard by Clipper Marine Services.
The
