Photo credit: REUTERS/Romeo Ranoco
The Marshall Islands-flagged containership MV Cape Moreton caught fire while berthed at the Manila International Container Terminal (MICT) in the Philippines. Photos from the scene show thick smoke billowing from the cargo area as firefighters battled the blaze.
The cause of the fire is under investigation.
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Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices, traders and analysts said.
The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi’s infrastructure overhaul.
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the matter, in an effort to ease Beijing’s concerns over the controversial deal.
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