The Ningbo Maritime Court is moving to dispose of the fleet of China's failed Zhejiang Share-Ever Business.
The company declared bankruptcy nearly two years ago, but its two known assets have continued to trade.
An auction for the 27,000-dwt bulker Xia Zhi Yuan 7 (built 2010) has been set for 18 January, with a starting price of CNY 24.3m ($3.5m).
Vessel tracking services show the ship was trading until mid-December, when it arrived at the Zhoushan anchorage.
According to an announcement at the time of the delivery of that ship, Share-Ever Business then had a fleet of 20 vessels including bulkers from 27,000-dwt to 50,000-dwt as well as offshore support vessels.
TradeWinds has previously reported that Share-Ever Business declared bankruptcy in February 2015.
Subsequently, in August 2015, after the 38,000-dwt semisubmersible heavylift carrier Xia Zhi Yuan 6 was arrested in Singapore, TradeWinds reported on the conflict of leasing and mortgage finance arrangements that lay behind that arrest.
The ship soon resumed worldwide trading, however, and is now in the Red Sea bound for Singapore.
It joined the semisub pool of Guangzhou-based China Cosco Specialised Shipping (then known as Cosco Shipping Ltd or Coscol) upon delivery, and the Cosco subsidiary confirmed to TradeWinds that the ship still sails in the pool.
