Cargo ship bearing iron ore sinks off China coast

BEIJING - A Chinese cargo ship carrying iron ore capsized off its east coast before dawn on Saturday, killing five sailors and leaving five missing, the Xinhua news agency said.

By (Reuters)

Published: Sat 28 Jun 2008, 6:49 PM

Last updated: Sun 5 Apr 2015, 1:13 PM

The ship "Haoping," with 14 sailors and 4,000 tons of iron ore on board overturned at 3:27 a.m. in the southern Yellow Sea, Xinhua said.

Ships in the area and a helicopter saved four of the sailors.

China's steel industry is increasingly hungry for iron ore, as steel production is expected to hit well over 500 million tonnes this year.

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