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Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Ship Photo of the Day: Hapag-Lloyd Bumps Up Freight Rates
FRANKFURT (Dow Jones)–German shipping group Hapag-Lloyd said Friday it has increased freight rates for all cargo and container types between Europe and North America with effect from July 1.
The company attributed the price rise to unsustainable revenue and continuous cost increases.
Hapag Lloyd, partly owned by tourism and travel group TUI AG (TUI1.XE), has been suffering from high marine diesel prices for months.
-By Kirsten Bienk, Dow Jones Newswires
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