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News

Yangtze bulk carrier goes bankrupt, says report

17 July 2013
Anhui Wuhu Shihui Jianghai Shipping has gone into bankruptcy, according to Sino Ship News.

Several of the company’s ships received a bankruptcy notice while they were in operation, and others have been kept in custody or turned away by ports due to the company’s failure to pay required charges.

Based in Anhui province and established in 1989, the company operated nearly 100 vessels with a total capacity of 160,000 dwt. It focused mainly on transporting bulk materials on the Yangtze River.

     
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