Guangzhou Shipping Exchange has successfully concluded the auction of five 82,000 DWT bulk carriers built in 2017–2018, with 100% of the vessels sold and all fetching prices above reserve levels.
Final Results:
Shandong Fu Yuan: $25.08m
Shandong Fu Ren: $25.62m
Shandong Fu Ze: $24.96m
Shandong Fu Hui: $24.58m
Shandong Fu En: $24.36m
Highlights:
Total transaction value: $124.5 million
Average premium: 4.6%+
Over 40,000 online viewers, buyers from 20+ countries
Each vessel received 50+ bidding rounds, showcasing strong global demand
This auction proves that high-quality Chinese-built tonnage can attract premium attention, even in a soft secondhand market. It also affirms Guangzhou Shipping Exchange’s growing role as a trusted, tech-driven maritime asset platform.
A notable innovation was the 50% commission rebate for brokers, a first in China’s online ship auction market—stimulating broader engagement and co-brokered success.
In a market where liquidity and transparency matter more than ever, this is a case study in how digital platforms can deliver results with efficiency, scale, and global visibility.
by Xinde Marine News Chen Yang
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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