The last ship owned by financially troubled Swiss owner SAM Shipping has been sold in a court-led auction in China, reports Splash247.
The auctionIn an online auction held by Tianjin Maritime Court, at the request of a creditor bank, the 2012-built 57,200 dwt SAM Wolf was sold for RMB77.57m ($11.9m), much lower than VesselsValue‘s valuation of $14.56m.
The buyerThe buyer of the vessel is Xiamen Hanghuan Shipping.
VesselsValue data shows the vessel was the last vessel in the fleet of SAM. In the...
https://mfame.guru/sam-shipping-sold-its-final-ship-at-a-court-led-auction-in-china/