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The 4,310 ceu Chang Sheng Hong was sold at auction on Tuesday for around $42m, according to sources, an exceptionally high price for a 26-year-old midsize PCTC. The Shanghai United Assets and Equity Exchange had marketed the China-flagged vessel with a reserve price of RMB95m ($14m), meaning the winning bid came in at roughly three …
2000-built car carrier fetches $42m at auction
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