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 ...
UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING
UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING
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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