Ocean Carriers Scramble as GRIs Hit a Wall
Blanked sailings and general rate increases (GRIs) have failed to arrest the drop in Asia-North Europe freight rates, with slot utilisation less than 95% amid the post-Chinese New Year slack period.
The HM Coastguard has recovered a life raft that has been confirmed to be from the missing fishing vessel Nicola Faith.
The raft was found off the coast of Kirkcudbrightshire in southwest Scotland by HM Coastguard. The Marine Accident Investigation Branch (MAIB) has positively identified the raft as being from the Nicola Faith, which went missing with its three crew members off the coast of Colwyn Bay in North Wales on January 27.
The raft will be transported to the MAIB in Southampton for further investigation and analysis.
The investigation into the causes and circumstances surrounding Nicola Faith’s loss is ongoing. The search for the vessel, which is being co-ordinated by the MAIB, is continuing. The MAIB has been working with underwater search experts to cover a wide area including all of the vessel’s historic operating area.
The MAIB reported that the next of kin have been informed of the development with the life raft.
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