Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
A search and rescue operation is underway off Singapore for eight missing crewmembers of a barge that capsized Thursday.
The Maritime and Port Authority of Singapore (MPA) reported Thursday that the Mongolian-flagged barge, Guo Liang 677, capsized just after noon on July 24 in Singapore waters about 7 nautical miles north of Horsburgh Lighthouse.
A total of ten people -all Chinese nationals- were onboard the barge when it capsized. One crewmember was rescued by a Police Coast Guard (PCG) patrol boat and another was picked up by a vessel in the vicinity.
As of Thursday evening (Singapore time), the ongoing SAR operations involved two Super Puma helicopters and a Fokker-50 Maritime Patrol Aircraft from the Republic of Singapore Air Force, three patrol vessels from the Republic of Singapore Navy, two PCG patrol craft, divers and two diving support vessels from Resolve Salvage & Fire (Asia), and 14 passing commercial vessels.)
The MPA says it is investigating the incident.
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