The Liberia-flagged container ship Songa Iridium runs aground near the Rumelian Fortress on the Bosphorus, Istanbul. Abidin Mutlu Bozdag / Anadolu Agency via Getty Images
The Liberia-flagged container ship Songa Iridium runs aground near the Rumelian Fortress on the Bosphorus, Istanbul. Abidin Mutlu Bozdag / Anadolu Agency via Getty Images
The Liberia-flagged container ship Songa Iridium runs aground near the Rumelian Fortress on the Bosphorus, Istanbul. Abidin Mutlu Bozdag / Anadolu Agency via Getty Images
The Liberia-flagged container ship Songa Iridium runs aground near the Rumelian Fortress on the Bosphorus, Istanbul. Abidin Mutlu Bozdag / Anadolu Agency via Getty Images

Bosphorus strait closed after ship hits the shoreline in Istanbul


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A cargo ship collided with the shore in Istanbul's Bosphorus strait on Friday, according to the governor's office and a witness, prompting authorities to close the picturesque and crowded waterway.

There were no injuries or casualties, the governor's office said, adding that the ship reported engine failure shortly before the collision.

The Bosphorus was temporarily closed to traffic, and the ship was being towed, it added.

The Liberian-flagged Songa Iridum had come from Odessa, Ukraine and was headed for Istanbul's port of Ambarli, according to Refinitiv Eikon shipping data.

Such accidents are rare on the Bosphorus, which is among the world's busiest waterways for shipping, and is vital to Russia and other Black Sea states.

Turkey's President Recep Tayyip Erdogan has revived plans in recent weeks to dig a canal on the western fringes of Istanbul to ease traffic on the Bosphorus, despite opposition from the city's new mayor, environmentalists and hundreds of petitioners.

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UAE currency: the story behind the money in your pockets
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UAE currency: the story behind the money in your pockets
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What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.