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....
WASHINGTON, Jan 17 (Reuters) – A U.S. Navy minesweeper, the USS Guardian, ran aground in the Sulu Sea off the Philippines on Thursday, and was stuck on a reef, the Navy said.
No one was injured in the incident, which occurred at 2:25 a.m. local time on Tubbataha Reef about 80 miles (130 km) east-southeast of Palawan Island, in the Philippines, the Navy said. There were no reports that any fuel leaked from the vessel.
The ship, with a crew of 80, had just completed a port call at Subic Bay in the Philippines, when the grounding occurred.
“The crew is currently working to determine the best method of safely extracting the ship,” a Navy statement said, adding that the cause of the grounding was under investigation.
(Writing by Peter Cooney; Editing by David Brunnstrom)
(c) 2013 Thomson Reuters, Click For Restrictions
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