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 Greek flagged and owned vessel was on its way to Suez from Fujairah when it was attacked. She has a crew of 25 (7 Greek, 1 Georgian and 17 Filipinos). According to the AFP, the vessel was carriering a load of 1.9 million barrels of oil. There is no communication with the vessel and no information regarding the condition of the crew.
Yesterday, pirates hijacked a an Italian owned and operated tanker M/V Savina Caylyn off Yemen.
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