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....
A 623-foot bulk carrier was damaged below the water line after running aground on the Columbia River near Cathlamet, Washington early Monday morning.
The U.S. Coast Guard is monitoring for pollution from the Panamanian-flagged Sparna, which is anchored but listing to port after taking on water in “void spaces”. The ship’s fuel tanks were not damaged in the incident.
Reports say that so far no pollution has been observed from the vessel so far.
The Coast Guard said Monday that the ship sustained damage below the water line after running aground while headed west on the Columbia River with a full load of grain.
As of Tuesday, the Sparna remained at anchor and was maintaining position with the assistance of two tugs.
Local reports have said that a pilot was onboard when the grounding occurred.
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