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....
Two chemical tankers inbound toward Houston collided in the early morning on Wednesday, approximately 70 miles south of Galveston according to a report by the US Coast Guard.
At approximately 4:30 a.m watchstanders at Coast Guard Sector Houston/Galveston were notified of the incident involving the Chem Sea, a 385-foot, Marshall Islands-flagged tanker, and the Bow Kiso, a 557-foot, Panamanian-flagged tanker.
The Bow Kiso suffered a fuel leak in their engine room, according to the report, but was able to patch the leak and pump the remainder of the fuel into an auxiliary tank.
In a phone conversation with the Houston Pilots this afternoon, they note that none of their pilots were involved in the incident.
The Coast Guard launched crews aboard an HU-25 Falcon jet from Air Station Corpus Christi and an Air Station Houston MH-65 Dolphin helicopter to assess the situation.
The Bow Kiso is owned by Chemical Clipper Transports S.A., a subsidiary of Odfjell, and managed by V Ships. The Chem Sea is owned by Ace Tankers, based in The Netherlands.
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