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Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
COSCO Continues Scrapping Program
COSCO announced today that since the end of May, eight of the company’s ships have been scrapped as part of a fleet restructuring plan announced last August.
The eight ships, with an aggregate capacity of 331,294 deadweight tons, include four container vessels (Min He, Song Zi, Zhu Zi, Mei Zi) and four bulk carriers (Fu An, Fu Rao, Jia Lihai and Shekou Hai). The ships had been owned by COSCO Container Lines and China COSCO Bulk Shipping (Group), respectively.
Since January however, 23 of COSCO’s ships have been sent to the scrapyards including 13 containerships and 10 bulk carriers with an aggregate capacity of 1.3 million deadweight tons.
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