December 31,2016, Guangzhou Maritime Court auctioned MT Varada Blessing vessel with price of 81 million yuan(￥81 million) via Taobao Judicial Sale(Disposal) Platform. Natalia Shipping Limited has succeeded in bidding for the vessel at the auction and deemed as the new owner.

With ship nationality of Singapore, gross registered tonnage of 156,539, 3 times full load drainage volume of Nimitz-class aircraft carrier, 5 times of Chinese aircraft carrier Liaoning, MT Varada Blessing vessel is a well-deserved “sea-giant”.

This auction in total attracted 33,000 views, 740,000 focuses, 6 signs up for the auction. After 19 bids and 3 delays, the vessel was finally sold at a 35 percent premium with 21 million yuan(￥21 million) over the opening bid. This auction gave full play to the “wider audience, easy to grasp and zero commission” advantages of online judicial auction. It was a successful practice of judicial openness beneficial to the construction of international, market-oriented, legalized business environment.