Over 700 Barges Stranded by Mississippi River Closure in Memphis Due to Bridge Crack
The U.S. Coast Guard said 44 vessels with a total of 709 barges are now in the queue as a 1-miles stretch of the Mississippi River remains closed after a...
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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