The 179,800-dwt Five Stars Beijing (built 2010) is said to have gone to a Greek owner in an online auction. According to Chinese auction website Taobao, only a single bidder registered and offered the starting sale price of CNY 158.4m ($23.1m) for the long-idled capesize bulker.
The auction by the Ningbo Maritime Court was driven by mortgageholder Bank of Communnications Hong Kong (BoComm HK).
