Phoenix Shipping: A wholly-owned subsidiary plans to purchase a dry bulk cargo vessel for $13.38 million.

Phoenix Aviation announced on April 17th that its wholly-owned subsidiary Tianjin Fenghua Ship Leasing Co., Ltd. intends to purchase a bulk carrier from Paige Maritime Ltd, with a total contract amount of 13.38 million US dollars. The funding for the purchase will come from the company's own funds and self-raised funds.