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....
The 228.6 billion KRW (USD $211.8 million) order was from an undisclosed Marshall Islands-registered shipowner and the vessels are due for delivery by April 2016 according to the regulatory filing.
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