A kamsarmax bulk carrier owned by Cosco Shipping Bulk was finally rescued by four tugboats on Thursday after nearly 40 hours of salvage efforts, ship agents said.

Having run aground in the Parana River early on Wednesday, the 81,531-dwt Cofco 1 (built 2014) was reportedly trapped in a shallow area.

According to Agencia Maritima Nabsa, it took four tugboats — namely the Brutus, the Albacora, the Coopor Estibador II and the Coopor Estibador II — to refloat the vessel.