Bulker company Fuzhou Xinjiahong Shipping of China has exited shipowning after three decades with the sale of its last vessel, a veteran handymax.
Chinese sources told TradeWinds the 45,700-dwt Hong Kai (built 1996) was sold last week to another Chinese owner for further trading. The 24-year-old, Japanese-built ship brought in some $2.6m.
Company officials could not be reached for comment but the sources said the ship is the last in the fleet and the company has no further plans in shipping.
