Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Bidding Announcement of 48,893t Handymax Bulk Carrier “YIN HE HAI NAN DAO”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 15:00 to 16:00 (Beijing Time) on October 22nd, 2026. 1. Bidding Target: Vessel’s Name: YIN HE HAI NAN DAO ; IMO No.: 9228411; Type of Vessel: Handymax Bulk Carrier; Flag stage: China; Classification Society: CCS (Next SS 30/09/2029); ...

The bidding for the 48,893-ton Handymax bulk carrier "YIN HE HAI NAN DAO" is set to commence online on October 22nd, 2026. The vessel, flagged in China, is owned by the Sellers and will be auctioned on the ShipBid website from 15:00 to 16:00 Beijing Time. The starting price is CNY 45.50 million with a bidding deposit of CNY 5 million (or USD 0.8 million).

The contract price will be settled in CNY, converted based on the USD/CNY spot rate at the time of bidding completion. If there is only one bidder, they will be identified as the buyer; if there are two or more bidders, the ship will be transferred by auction. The vessel is equipped with a Sulzer engine and four deck cranes with grab, and has a grain capacity of 61,553.2 cubic meters.

Domestic and overseas buyers are eligible to participate, but must meet qualification standards and ensure they are not subject to relevant sanctions.

Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at hellenicshippingnews.com →

More in Finance & Markets

Chinese builders escalate LNG carrier push, squeezing Korea’s lead

Hengli Heavy Industry Group, the shipbuilder that won the most orders in China in the first half of this year, is moving into the liquefied natural gas (LNG) carrier segment, which has a high…

  • Chinese shipbuilders expanding into LNG carrier market
  • Hengli Heavy Industry targeting LNG carriers, joining five others
  • Korea currently leads global LNG carrier market

Canadian crude and refined product exports poised for growth

Since crude occupies the largest share in Canada’s energy exports, let us start with that commodity before taking a look at refined products and LPG.

  • Canadian crude exports to Northeast Asia expected to grow due to supply disruptions in Middle East.
  • Western Canadian crude production projected to increase in Q4 2026 and Q1 2027 after maintenance.
  • Seaborne refined product exports limited by port and terminal constraints on Canada West Coast.

What it takes to defend a 2027 freight budget

Procurement teams building 2027 budgets are stuck between two things that don’t move at the same speed: Finance wants one defensible number that survives the year.

  • Finance demands a singular, defensible budget figure throughout the year.
  • Shippers' reliability standards vary, leading to confusion in on-time performance tracking.
  • Surcharges and fee variations create mistrust and confusion among shippers.

More from Monday 28 September →