Guangdong Renke Shipping to offload bulker fleet
Chinese bulker owner Guangdong Renke Shipping plans to sell the only two bulkers in its fleet in order to deal with a debt crisis.
The company has commissioned Guangzhou Shipping Exchange to sell two 2009-built 35,400 dwt handysize bulkers^e/7 Ke 1ar\6Ren Ke2, en bloc via an auction on November
23.
The starting price for the two vessels in the auction is RMB110m ($16m).
Renke Shipping is the shipping unit of Jiangmen Xinhui Renke Power Group, and the company has been suffering a financial crisis since 2015 and since been involved in a series of debt disputes.
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