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...
Singapore-listed Pan Ocean Co. Ltd placed an order today with an undisclosed shipyard for two new Capesize bulk carriers for a total consideration of KRW 57.4 billion (USD $56 million) each.
The purpose of the investment, according to the exchange filing, is “in order to secure vessels for cargo contracts.”
The vessels are scheduled to be delivered by November 2016.
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