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UPDATE: The Indian Navy reported that it has found nine of the 16 crewmembers alive, ...
A panamax container vessel idle for more than three years has finally left its berth in Brunei Bay, Malaysia – but not bound for a scrapyard.
The 2010-built 5,100 teu Cornelia 1 is understood to be heading for drydocking and reactivation in Hong Kong, after securing time charter employment.
It is the final non-operating owned panamax vessel to come out of mothballing and has been in cold lay-up for 38 months, according to Alphaliner data.
The panamax sector experienced a torrid time after the expansion of the Panama ...
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