U.S. import prices increased less than expected in March, though the trend still pointed to firming imported inflationary pressures as the Middle East conflict boosts oil prices and snarls supply chains.Economists shrugged off the report from the Labor Department on Wednesday and said they expected the oil price surge from the U.S.-Israeli war with Iran to show in April's import price data.
Another vessel has moved through construction for Hines Furlong Line, Inc., with the M/V Bob Nienhuis built at Intracoastal Iron Works in Bourg, Louisiana as part of the company's ongoing 11-boat program.The 2,400 horsepower vessel measuring 78' x 34' x 10' is configured with a triple-screw propulsion system powered by three Mitsubishi S62 Tier 3 engines, each rated at 803 horsepower at 1,400 RPM.