Complete Maritime Profile & Reviews of Cape-Shanghai

A notable maritime transaction has taken place, as a vessel has been sold for a substantial $28.5 million to undisclosed buyers. This sale adds to the growing trend of significant vessel transactions in the shipping industry. Details surrounding the identity of the buyers and the specific type of vessel involved remain confidential, leaving industry watchers speculating about future developments in maritime commerce.

The bulk carrier 'Wan May' has been released from detention as of the morning of November 9, resuming its journey to Port Drummond, Colombia. This decision follows a thorough investigation by the police, who concluded their search of the vessel and liberated the 20-member crew. The 'Wan May' had been detained after a significant drug bust on November 8, where law enforcement, in collaboration with SKAT, uncovered 20 kilograms of pure cocaine during a raid aboard the ship. The bulk carrier had arrived at Stigsnæsværket from Colombia with a load of coal the day prior and made a stopover in Rotterdam on its journey. Although the entire crew was interrogated, the police found no substantial evidence to charge any individual. According to Kim Kliver, police inspector for South Zealand and Lolland-Falster, the investigation has verified that the cocaine was intended for distribution in another European country. Authorities plan to work alongside the National Police to pursue the international implications of this case. The street value of the confiscated cocaine in Denmark is estimated at around 11 million DKK, which translates to approximately $550 per gram. The drugs found on board will be destroyed accordingly.

In a significant drug bust, Danish authorities have reported the seizure of 20 kilograms of pure cocaine from the coal carrier 'Wan May' during a raid at the Stigsnæsværket harbor. The operation took place on November 6, 2014, shortly after the vessel's arrival from Rotterdam, having previously set sail from Colombia. The strong initial tests indicated the cocaine’s high potency, pointing to its Colombian origins. As part of the investigation, all 20 crew members aboard the 'Wan May' have been detained for questioning. Police suggest that the illicit cargo was likely destined for an alternate European market, rather than Denmark itself, indicating the broader trafficking routes involved in this incident. Valued at approximately 550 dollars per gram, the seized cocaine emphasizes the ongoing challenges of drug smuggling across international waters.