12 AUG 2020 In the latest salvo of the ongoing disputes regarding the shipment of Iranian oil, there are reports that Iranian Naval forces approached several vessels and boarded a Liberian-flagged tanker Wila as it was approaching the Khor Fakkan anchorage in the UAE. The marine security firm Dryad Global reported the …
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10 AUG 2020 Singapore’s OCBC Bank has sought a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries. Xihe Holdings is part of the troubled Singapore-based Lim family business empire, which also includes oil trader Hin Leong Trading and fleet manager Ocean Tankers (Pte) …
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09 AUG 2020 The economic impact of the coronavirus is taking a strong toll on the shipbuilding industry according to a new analysis from BIMCO. While the orderbook is at its lowest point in 17 years, BIMCO however reports that even with increasing demolitions fleet volumes are continuing to rise …
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8 AUGUST 2020 The Lebanese capital Beirut was rocked on Tuesday evening local time by an explosion that has killed at least 78 people and injured thousands more. The country’s prime minister Hassan Diab said the blast was caused by around 2,700 tonnes of ammonium nitrate stored near the city’s cargo port. …
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7 AUGUST 2020 As if spiderwebs weren’t already icky enough, some spiders have gone and made them poisonous as well, a new study reveals. The unique properties of spiderwebs have long fascinated materials scientists. They’re constructed from one of the toughest known natural materials: lighter, yet five times stronger than steel, and bacteria resistant to …
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06 AUG 2020 A series of two massive blasts at the port of Beirut, Lebanon caused extensive damage Tuesday, leveling multiple buildings and damaging vessels. Bystander video shows that the both blasts originated in a warehouse complex on the east side of the port’s large concrete silo, next to Basin Number …
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