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Freighter sells for record US$13.98m in online auction
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A FREIGHTER belonging to a bankrupt shipyard has been sold for 96 million yuan (US$13.98million) in online judicial sale, thus becoming the most expensive ship ever sold at an online auction in China, Shanghai Maritime Court said today.
The Nantong Minde Heavy Industry Co, based in Jiangsu Province, had made the ship for a Canadian buyer. But the shipyard went bankrupt in July 31, 2015, when the ship was just being completed. The buyer then cancelled the order, the court said.
Later, local court asked Shanghai Maritime Court to initiate its sale. The auction was started on Taobao.com on January 26, and the ship was sold to a Singaporean.
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