Zhoushan's ship trading volume totals 3.33 billion yuan in the first six months of the year. [Photo/WeChat account: china-zjftz]

The trading volume of ships in Zhoushan, East China's Zhejiang province totaled 3.33 billion yuan ($514.2 million) in the first half of the year, a year-on-year increase of 27.57 percent, local media reported on July 12.

The figure included 523 billion yuan worth of deals concluded on the local ship bidding platform.

These ships included oil tankers, bulk cargo ships, fishing-boats, sand discharging ships, tugboats, passenger ships, and patrol ships.

In April, the ship bidding platform auctioned off a 52,000-deadweight tonnage bulk cargo ship at a record high price of 113.4 million yuan.

Currently, Zhejiang Shipping Exchange Co Ltd has been playing an active role in facilitating ship trading in Zhoushan, as well as expanding the development of relevant sectors, including assessment, brokerage, and data services.

In the first six months of the year, the company's foreign trade amounted to $126.07 million, a year-on-year increase of 418.8 percent. The company also assessed 656 ships during the same period, a year-on-year increase of 65.24 percent.