Panama Canal adapts to bulk shipping companies
NewsThe Panama Canal’s operational issues led some bulk shippers to choose alternative routes, with future decisions based on capacity and transit assurances.
State-run China National Cereals, Oil and Foodstuffs Import and Export Corp (Cofco) has sold en bloc its fleet of 16 bulkers for US$420 mill to Genco Shipping & Trading, a company headed by General Maritime (Genmar) chairman Peter Georgiopoulos.
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