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 U.K. Marine Accident Investigation Branch has launched an investigation into a collision between the UK registered container ship ANL Wyong and an Italian registered LPG tanker off the coast of Gibraltar on Saturday.
The occurred approximately 4 miles south east of Gibraltar.
Both vessels suffered damage in the collision but no pollution or injuries were reported.
The 2008-built ANL Wyong is 260 meters in length and has deadweight of 52,000 tonnes.
The LPG carrier, named King Arthur, was built in 2011 and is 103-meter and has deadweight of 5,300 tonnes.
Both ships are moored at the nearby port of Campamento, Spain as of Monday, according the AIS ship tracking data.
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