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ZPMC keeps up search for semi-sub conversion candidates

Brokers tell Splash that Zhenhua Shipping, the line owned by Shanghai equipment manufacturer ZPMC, has added the 106,500 dwt Petrozavodsk for $10.4m from Russian owner Sovcomflot. The fair market value of the ship is [msi]$11.4m|9254903[/msi] according to MSI. The ship fetched a similar price to the only other purchase by the Chinese owner this year. […]