Taiwanese shipowner and operator Kuang Ming Shipping’s 2017 built ultramax dry bulk carrier 63K DWT MV KM London has run aground in the Columbia River on US West Coast. MV KM London has not reported any types of pollution. MV KM London was taking on ballast water but could not cope with flooding under control. US Coast Guard (USCG) reported no crew injuries. Eventually, MV KM London was refloated and inspected for extra pollution evaluation. MV KM London’s crew and river pilot has attended drug and alcohol test.
Taiwanese container line operator Yang Ming is acquiring $48 million stocks of sister company Kuang Ming Shipping. BOD (Board of Directors) of Yang Ming approved to buy around 100 million shares at TWD 10 each. After this deal, Taiwanese container line operator Yang Ming will own 98.56% of sister company Kuang Ming Shipping. Yang Ming also buying 100% shares of Kuang Ming Liberia Corp. for $15 million.