Jiangsu Ocean Shipping (Josco) of China is among shipowners to benefit from high prices that bidders are willing to pay for bulkers sold on the Zhejiang Shipping Exchange’s (JSE) online auction platform Shipbid.
Nine bidders fought a fierce three-hour battle over the 49,400-dwt Josco Suzhou bulker (built 2004), which was finally sold for $13.5m after 26 bids had been submitted, according to Shipbid data.
