Exxon Traders Quit While BP And Shell Colleagues Make Billions
By Devika Krishna Kumar and Julia Payne (Reuters) – Exxon Mobil Corp has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving...
Officials in Italy on Friday decided that the Costa Concordia will be towed to the Port of Piombino in Tuscany for disassembly after being re-floated this fall.
The Associated Press reports that Piombino was selected due to its proximity to the wreck site, and because it is the most economically and environmentally sound choice.
The Costa Concordia will be refloated in one piece with the help of 30 steel sponsons attached to both sides of the ship and filled with air.
The ship is expected to be moved in September, although the AP report says that ongoing construction at the port could delay the removal until sometime in early 2014.
The latest update from the project’s website said that the first sea bottom platforms used to secure the ship upright were installed in February. The salvage is being carried out by the Italian-American Titan-Micoperi consortium.
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