(MENAFN- Asia Times) Shanghai Maritime Court sold a confiscated foreign-owned cargo ship for US$2.41 million through an online auction on Taobao, Global Times reported.
The Panamanian-flagged Mahoni was bought by the Hong Kong-based Zhongjiang Ocean Shipping through China's biggest consumer-to-consumer online shopping platform, and was transferred to the firm by the court on Friday.
Mahoni was seized in May 2016 after 31 Filipino crew members filed a lawsuit against the boat's Indonesian owner claiming they had not been paid for 18 months.
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