China Development Bank Financial Leasing has sold a panamax bulker coming off a bareboat charter with Hong Kong’s BG Shipping, rather than put it through its first special survey.
The 81,600-dwt BBG Qinzhou (built 2019) has been sold via an online auction to undisclosed Chinese buyers for $30.06m.
Online auctions are frequently used by Chinese leasing companies to dispose of unwanted assets, and brokers who followed the process said bidding began at $28.08m.
