Container explodes on Yang Ming box ship in Chinese port
This post was edited at 10am BST on 12 August to include comment from Yang ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
The tragic explosion at Beirut’s port will focus port authorities and governments on ensuring goods stored at ports are done so safely. According to a report by Aljazeera, the ammonium nitrate which looks likely to have been the cause of the explosion was on its way from Georgia to Mozambique six years ago. However, the ship was forced to dock at Beirut with technical problems, and officials in Lebanon prevented it from leaving. The owners ended up abandoning the ship and shipment, and the cargo was offloaded at Hangar 12 at the port. Over the next years, Customs officials repeatedly requested a solution, but no answers were forthcoming. Read this Aljazeera report – it’s really interesting and well-researched.
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