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News for Outlets

Ship deals show confidence in China's economic recovery

May 26, 2023


Abstract : Two ships were publicly auctioned on SHIPBID.NET and sold on Wednesday, which is regarded as a new sign showing the confidence in the long-term steady recovery of the Chinese economy.

Shipnet.png

Photo: the website of Zhejiang Shipping exchange or www.shipbid.net.

BEIJING, May 26 (Xinhua) -- Two ships were publicly auctioned on shipbid.net and sold on Wednesday, which is regarded as a new sign showing the confidence in the long-term steady recovery of the Chinese economy.

Among the deals, the 7,600-DWT general dry cargo ship named "HAI XING CHUANG XIN" (IMO: 9620358), which operates ocean-going voyages, was sold at the price of 23.30 million yuan (about 3.3 million U.S. dollars), about 60 times of the auction offer.

Another ship is the 18,000-DWT Bulk Carrier called "XI WANG ZHI XING", which was sold at 19.60 million yuan.

Eyeing on the recovering global shipping demand and the long-term steady recovery of the Chinese economy, over 20 shipowners participated in these auctions, despite the uncertainties in the global economy.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)


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Keyword: ship auction shipbid.net

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