Thu, April 25, 2024

Equipment set to remove oil from a tanker in China

The Worst of China's Regulatory Onslaught Has Passed

Work is supposed to begin later on Friday as weather conditions have improved, a maritime official informed Reuters.

The number of ships stationed for the oil spill clean-up has also increased to 21. The official from China’s Maritime Safety Administration stated, three days after hundreds of oil spills emptied into the Yellow Sea following a collision in dense fog.

As stated in a notice from the Maritime Safety Administration, ships are banned from entering a 5-mile (8-km) radius from the hit vessel.

Strong winds and foggy weather thwarted plans to begin work on eliminating the cargo on Thursday. While weather conditions changed on Friday morning, the official warned that temperature changes might make operations more challenging later in the day.

 

The extent of the spill from the Liberia-flagged tanker A Symphony was altered to about 400 tonnes (2,920 barrels) on Thursday, from the original estimate of 500 tons.

Work to siphon off the left cargo from a stricken tanker was supposed to start on Friday. The vessel’s manager spoke on Thursday, two days after hundreds of tonnes of oil dropped into the Yellow Sea following a crash in dense fog.

The tanker was at anchor when a crash took place with the bulk carrier Sea Justice on Tuesday.

The collision created a hole in a cargo tank and a ballast tank onboard A Symphony, and some of the cargo spilled into the Yellow Sea, Goodwood Ship Management announced in a statement on Thursday.

YOU MAY ALSO LIKE

usd/chf Franc: New Swiss franc bills.

Quick Look: USD/CHF stabilises with key support and resistance levels noted; potential

The Canadian Dollar (USD/CAD) Stable, Russia Faces Penalties

Quick Look: USD/CAD nears key resistance at 1.36840-1.36860; support at 1.36720-1.36750. This

Spectacular weekly rise in Silver Price

Quick Look: Silver (XAG) prices dropped sharply to $26.85, down 1.27%. Technical

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance.

BROKER NEWS

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance. The