A Chinese court successfully auctioned an oil tanker through an online site following a legal dispute.

The Guangzhou Maritime Court told Xinhua that a Singapore-flagged vessel known as the “Varada Blessing” was auctioned for about $12 million on at

The vessel was put up for auction by the Guangzhou Maritime Court twice before the most recent winning bid.

Taobao is a China-based online auction site similar to eBay.

The tanker was previously owned by Varada One Ptd and had been berthed in an estuary following a legal dispute.

According to Xinhua, the winning bid for the vessel was submitted by Natalia Shipping Co.

The vessel is about 1089 feet long and 190 feet and has a gross tonnage capacity of 157,000 tonnes.


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