Chinese bulker Bao Jiang 88 capsized and sank near Yangshan Port of Shanghai while enroute from Ningbo to Nanjing with 4,600 tons of ore concentrates yesterday.
The crew abandoned the ship using a lifeboat, and were later rescued by nearby vessel Feng Yi 1.
Bao Jiang 88 is owned and operated by Jiangsu Baojiang Transportation and Trade Company.
Shanghai Maritime Safety Administration has notified nearby vessels to avoid the wreck site and local authorities have started investigations into the incident.
