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....
This video was filmed in 2012 after the tugboat Miss Stacy became pinned broadside against a construction barge at the Memorial Bridge in Portsmouth, N.H.. According to onlookers, the Miss Stacey was pinned for about 20 minutes before the larger tug Eugene Moran arrived and was able pull it to safety.
The accident has been attributed to a strong current and a Captain who was unfamiliar with the area, exacerbated by an open hatch on deck that partially flooded the tug. No negligence was determined.
For those of you on the lower Mississippi River in the coming days, be sure to watch out for strong currents as the midwest floods are headed your way. Check the USCG website for a current list of closures, restrictions and advisories.
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