Chinese lender ICBC Leasing has failed to sell four platform supply vessels (PSVs) it took over during the restructuring of French shipowner Bourbon.

The leasing unit of Industrial and Commercial Bank of China is circulating details of further auctions for the ships in China.

The price has been lowered to $340,000 each this time round on the Guangzhou Shipping Exchange, whose auction website shows the vessels will be up for grabs over the next five days.