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....
A 143-meter bulk carrier is under tow back to port after losing steering off Cape Breton, Nova Scotia.
The vessel, the Barbados-flagged Nordika Desgagnes, was sailing from Montreal on Thursday when it suffered a steering gear failure, requiring the vessel to be towed.
The Canadian Coast Guard Ship Sir Wilfred Grenfell was on scene providing assistance.
The owner of the Nordika Desgagnes contracted a tug to tow the Nordika Desgagnes to port. The vessel was under tow to Cape Breton as of Friday, the Canadian Coast Guard reported Friday.
The CCGS Sir Wilfred Grenfell has been relieved by CCGS Louis S. St-Laurent.
Join the 67,711 members that receive our newsletter.
Have a news tip? Let us know.