Ningbo Marine Company Limited will sell a general cargo ship to Ningbo Jinzeng Marine Transport Co at a price of RMB5.39m ($833,843), Seatrade Asia reported.
Sale of the China-flagged Mingzhou 18 to Jingzen Marine was confirmed last Thursday following a contract signing ceremony between the two companies. Ningbo Marine is principally engaged in marine transportation and road operation. The Chinese firm operates electrical coal transportation business from northern Chinese coal ports to power stations in Zhejiang province, as well as some international lines.
Sale of the China-flagged Mingzhou 18 to Jingzen Marine was confirmed last Thursday following a contract signing ceremony between the two companies. Ningbo Marine is principally engaged in marine transportation and road operation. The Chinese firm operates electrical coal transportation business from northern Chinese coal ports to power stations in Zhejiang province, as well as some international lines.