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....
Check out this wild video from over the weekend of a dredger colliding with a tanker at a Malaysian anchorage.
The incident reportedly happened October 2 at the TG Beruas Anchorage near Malacca. The dredge in the video is believed to be the Oceanline 5001. It’s unclear what caused the dredge to slam into the tanker at about full steam.
The tanker has been identified as the MT Strovolos, registered in the Bahamas. It obviously suffered a fair amount of damage in the incident. Both vessels were separated a few hours afterwards.
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