Ships bank up on Chinese waterway

Technorati Tags: Baltic Dry Index,Baltic Dry Indices,Ship Chartering,Shipchartering,Voyage Fixtures,Time Charter Fixtures,Panamax,Capesize,Handymax,Handysize,Supramax,Dry Cargo Fixtures,Bulk Cargo Fixtures,Baltic Exchange,Freight Review,Maritime Baltic Index,TNT Freight Review,Morakot,chinese waterway

Wednesday, 19 August 2009

Abnormally high water levels have forced approximately 8000 ships to a standstill on an east China waterway. The water levels are so high that vessels are unable to pass under the many bridges that span it. The important trading river carries goods between cities in the eastern coastal province of Zhejiang and Shanghai, one of the largest ports in the world. The boats and freighters are now forming a line of over 40 kilometres along the river, which has been closed to traffic since Typhoon Morakot, which raged through the country almost a week ago.

Source: Malysian Sun