FilingReader Intelligence
Phoenix Shipping sells two vessels for scrapping
August 23, 2025 at 06:11 AM UTC•By FilingReader AI
Phoenix Shipping announced the sale of two retired bulk carriers to Jiangyin Xiagang Yangtze River Shipbreaking for RMB 33.55 million including tax.
The vessels, both built in 2002, were sold for RMB 15.04 million and RMB 18.51 million respectively. The transaction is projected to negatively impact the company's total profit by approximately RMB 17.70 million.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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