AYA

General information

Course/Position

Latest news

Chinese court auctions seized ship for $ 2.41 million through Alibaba

A Chinese court has sold a seized foreign ship in online auction for whopping $ 2.41 million through e-commerce giant Alibaba. The Shanghai Maritime Court sold the seized ship for 16.89 million yuan ($ 2.41 million), state-run Global Times reported on Wednesday. The Panamanian-flagged Mahoni was bought by the Hong Kong-based Zhongjiang Ocean Shipping Limited through an auction hosted by Taobao, China’s biggest consumer-to-consumer online shopping platform, and was transferred to the firm by the court on last Friday. Mahoni was seized in May 2016 by the local court in Shanghai Harbour after 31 Filipino crew members filed a lawsuit against the boat’s owner - an Indonesian shipping company - as they claimed they had not been paid for 18 months. The auction attracted 12,112 viewers and went through 63 rounds of offers, before reaching the final price.