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 Italian Coast Guard said it rescued 17 people from a yacht before it sank off the coast of Sardinia, Italy.
The incident took place Tuesday as the 155-foot vessel was sailing from Capri to Porto Cervo when it issued a distress signal at around 6 a.m. The Coast Guard sent two helicopters to assist in the rescue.
Video released by the Coast Guard shows the vessel engulfed in flames before eventually sinking in a cloud of smoke.
#GuardiaCostiera di #Olbia coordina soccorsi a 17 persone che si trovavano su unità con incendio a bordo, poi affondata.
Alle operazioni hanno preso parte due motovedette e un elicottero Guardia Costiera. Naufraghi, intercettati e scortati in porto.#SAR #SicurezzaNavigazione pic.twitter.com/UASll7DQQs
— Guardia Costiera (@guardiacostiera) August 26, 2020
Join the 67,356 members that receive our newsletter.
Have a news tip? Let us know.