China's Qinfa Group has confirmed its exit from the shipowning business after agreeing the sale of its last panamax bulker.
The Hong Kong-listed company has sold the 73,300-dwt QinFa 18 (built 1998) for CNY 66.3m ($10.45m), according to a regulatory filing.
The delivery should be arranged at a safe and accessible berth or anchorage at Zhoushan, China, at the purchaser's option, Qinfa said in a regulatory filing.
