High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
In a highly non-traditional yet prudent move by Volvo Ocean Race organizers, 5 of the 6 racing yachts in the Volvo Ocean Race were picked up from their Indian Ocean “safe haven” today and are now on their way to the Persian Gulf where they will finish the rest of Leg 2 from Cape Town, South Africa to Abu Dhabi. The 6th boat, Team Sanya, has suffered structural and hardware failures in the first two legs of this race and is currently being repaired in Madagascar in preparation for Leg 3.
Join the 67,723 members that receive our newsletter.
Have a news tip? Let us know.