Just a day after securing a government bailout, cash-strapped Chinese domestic liner operator Antong Holdings has begun selling assets to raise cash.
On 15 October Antong’s administrators announced that from 22-23 October, all the assets of the group’s wholly owned subsidiary, Guangxi Changrong Shipping, will be auctioned on Chinese e-commerce site Taobao.
Guangxi Changrong is the vessel-owning vehicle for Chang Rong 6, a 2013-built 798TEU general cargo ship to be sold, with bids starting from...
https://container-news.com/antong-auctions-ship-after-government-bailout/