Working Conditions Aboard the Eternal-Joy

The vessel 'Eternal Joy' has been placed under detention at the Port of Taizhou, Jiangsu, following a comprehensive Port State Control inspection conducted on April 19, 2026. During this rigorous evaluation, inspectors unveiled a total of eight deficiencies, with seven of these being classified as serious violations, leading to the vessel's detention based on safety grounds. This inspection was carried out in accordance with the Tokyo Memorandum of Understanding (MOU) guidelines. The 'Eternal Joy' is operated by Zhangjiagang Dongcheng Shipping Co. Ltd., and as of April 21, the ship remains immobile at the port, pending resolution of the noted deficiencies.

In a significant maritime transaction, the vessel has been sold to breakers on July 4, 2026. This move marks a critical step in the ship's lifecycle, transitioning it from active service to dismantling and recycling.

In a recent transaction, a maritime vessel has officially been sold for an impressive $2.3 million to a consortium of buyers from China. The sale reflects the ongoing trends in maritime acquisitions and the increasing interest from Chinese investors in international shipping assets.