Copright © Tangshan Caofeidian Industrial Zone Haifa Shipping Services Co., Ltd.  冀ICP备11013978号-1   Powered by www.300.cnTangshan  
Add:Tangshan Caofeidian Industrial Park TEL:0315-6733158;0315-6247196    FAX:0315-6733686   EMAIL:fleetfshipping.combillzsj@hotmail.com

News

Chinese shipping firm hit by rent default

Page view

Shenzhen-listed Chang Jiang Shipping Group Phoenix Co Ltd said on Tuesday that it has failed to pay rent on four of its containers ships. The ships were taken on a 10-year lease from Golf Shipping SA, Polo Shipping SA, Passat Shipping SA and Phaeton Shipping SA. The company estimated that the rent defaults will result in audited losses of more than $65.4 million.
Chang Jiang shares have already been put under "special treatment" for continued losses in the past two financial years. The company might get de-listed if it fails to post a profit this year.