In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of 553,535 total DWT.
They note that this plan is part of an overall fleet restructuring plan, however they gave no further detail on what, if any, further restructuring may occur.
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A fight over whether Indian shipbreaking yards using the controversial beaching method should qualify under European environmental rules is widening, with steelmakers, recyclers, trade unions and environmental groups now urging...
Container carriers are accelerating their return to the Suez Canal, with COSCO’s OOCL Portugal making a milestone transit even as Houthi advances around Bab el-Mandeb raise fresh security concerns.
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