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...
UPDATE: According to a report from Tradewinds, the order could include 18,000-teu giants.
SEOUL (Dow Jones)–South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has received a $2 billion order to build 10 container carriers for A.P. Moeller-Maersk A/S (MAERSK-B.KO), a person familiar with the matter said Friday.
“The contract value may change a bit and there will be the public announcement on Monday,” the person told Dow Jones Newswires by telephone.
Shares in the world’s No. 2 shipbuilder by sales jumped 7.1% to KRW34,650 on the news.
-By Kyong-Ae Choi, Dow Jones Newswires
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