HighRich Logistics’ foray into the dry bulk sector has come to an end as Singapore’s admiralty sheriff prepares to auction its only bulker. —
Qingdao-headquartered HighRich’s 37,300-dwt handymax Long Bright (built 2012) will be sold via a sealed tender process with bids due in on 20 August.
The Shandong Huahai Shipbuilding-constructed vessel was arrested on 28 March by Singapore’s DP Shipbuilding & Engineering for an unpaid repair bill totalling SGD 267,000 ($195,000), with an entity called Hangzhou Chuantao Investment Management (HCIM) later joining the case as an intervenor.
