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....
TRIPOLI, March 12 (Reuters) – Libya’s navy has lost contact with an oil tanker that loaded oil in a rebel-held port and has now slipped into Egyptian waters after being attacked by Libya’s air force, a government minister said on Wednesday.
The tanker was last seen sailing near Marsa Matruh on the Egyptian side of the joint border, Libya’s culture minister and government spokesman Habib al-Amin told a televised news conference.
Libya had asked Egypt and other countries to stop the tanker, he said. (Reporting by Ulf Laessing; Editing by Anthony Barker)
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