Crashed US Military Aircraft Found off Australian Coast
An Australian Navy survey ship has located a U.S. military aircraft that crashed off the Australian northeast coast at the weekend and left three Marines missing, Defence Minister Marise Payne said on Monday. The navy divers will conduct remotely operated underwater vehicle operations before considering sending down divers, Payne said in a statement. The U.S. Marine Corps had suspended a search for…
Baltic Index Rises for Sixth Day Straight
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the sixth straight session, helped by higher rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.39 percent, at 1,036 points. The capesize index increased 18 points, or 1.1 percent, to 1,655 points.
Milaha Plans Base in Oman after Trade Hit by Diplomatic Rift
Qatar Navigation (Milaha), a top Doha-based shipping and logistics group, said it was shifting its regional trans-shipment hub from Dubai to the Omani port of Sohar…
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