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....
Nick Sloane from Titan Salvage, Sergio Girotto from Microperi, and Franco Porcellacchia, VP of Carnival Corp are interviewed by the AFP on the work being done at the Costa Concordia salvage site, a project that is anticipated to cost upwards of $400 million.
This salvage operation is unlikely to be completed before June 2013.
Meanwhile, the trial of Francesco Schettino continues…
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