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Transfer Announcement of Panamax Bulk Carrier ”XIN TANG SHAN HAI 1”

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Entrusted by the transferor, an online public transfer activity has been held on since the date of publication of this announcement till 17:02(Beijing Time) on August 26th, 2022.

1. Transferring Object:

MV “XIN TANG SHAN HAI 1”, Panamax Bulk Carrier; IMO: 9655822; Port of Registry: TANG SHAN, China; Class: CCS; LOA: 229.0m; MLB: 32.26m; MLD: 20.25m; GRT: 44725; NRT: 27509; Summer DWT: 81870.24mt; M/E: STX MAN B&W 5S60ME-C8.2, ; Built Time: January 21st, 2013; Builder: Dalian COSCO Shipyard Co., Ltd, China. (Data above refers to the ship inspection certificates)

Remarks: One (1) set of Ballast Water Treatment System (BWTS) shall be accepted and paid by the Buyers together with the subject vessel.

This transferring object shall be delivered and taken on an “as is where is” basis, as she is and where she is at the time that the Buyers take delivery.

2. The Starting Price is RMB152.88million, and the bidding deposit is RMB 5 million (Or equivalent USD converted at the Buying Rate of Bank of China at the time of remittance). Bid Increment: a multiple of RMB 0.5 million.

3. Application and Inspection

Application is available from July 29th, 2022 to 11:00 AM on August 26th, 2022(Beijing Time)

The date and place for inspection: The potential bidders are invited to inspect the transferring object at Bohai Bay in China with an appointment with the transferor in advance.

4. Contacts: Ms Wen

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