Salvors working just outside the channel at Richards Bay, South Africa have finally begun the process of pumping 1700 tons of heavy fuel from the wreck of the MV Smart. Poor weather had hampered their efforts thus far, but the connection to the fuel tanks was finally made last night according to reports from South Africa.
The environmental impact from the wreck has been limited to the spillage of coal and coal dust into the surrounding water, however as this report from eNCA news describes, salvors are in a race against time to remove the oil from the wreck.
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The value of Russia’s crude shipments hit a two-year low in the four weeks to May 25 even as Moscow shrugged off a threat that the G-7 group of nations may tighten the price cap on the country’s exports.
A U.S. trade court ruling that blocked most of President Donald Trump's tariffs and found he had overstepped his authority triggered some relief on financial markets on Thursday, while adding to the uncertainties weighing on the global economy.
The Philippine foreign ministry said on Thursday that China has no right to object to or interfere with its lawful and routine activities in the South China Sea.
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