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....
LONDON, July 12 (Reuters) – Gibraltar police said on Friday they had arrested the two second mates from the Iranian Grace 1 tanker which was detained last week on suspicion it was breaking European sanctions by taking oil to Syria.
On Thursday, the captain and chief officer of the vessel were arrested.
“All four men are Indian nationals and they have been granted full legal assistance,” Gibraltar police said in a statement.
(Reporting by Costas Pitas; editing by Stephen Addison)
(c) Copyright Thomson Reuters 2019.
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