Nobody wants to touch these tankers and this these wounds are then taken out the International Trade and thats thats thats a substantial piece of hardware that goes out and obviously supply to. The places shoot up weve also got to laze that its not just the china connection there are there are other aspects to the increase in tanker trade as well as you know the venezuelan sanctions are also in place similar to indian crew doing venezuelan goold are all sort of under the lens but that puts away another piece of get out of circulation and as you know that i am more 2020 said to kick in in the next 3 months which basically means that the ships need to adhere to or rather stricter level of pollution control so a good number of ships have actually in the docks and theyre going in blood grid scrubbers and things like that so all these things things put together is what is currently impacting the rise in. Danko flits is that cost of that increase in cost being passed on to the likes of you a
Add to that sanctions countries a still managing to get crude to customers by offloading at sea and switching off tracking devices who better to pick all this up with than rajat kapoor managing director of oil and gas at a. W. I. Lloyd thanks for being with us roger so what needs to happen to bring tanker prices down should we be concerned here whos shouldering the cost. Obviously a big effect on the tanker prices and the way it is and where they are today has got to do with the current sanctions that the u. S. Administration has put on iranian crude in order to prevent offloading often include in the high seas in order to stop at least do it to the bare minimum export of group to china the u. S. As you know last month inboard the sanctions on the tanker subsidiaries of costco which is chinas shipping line and in the largest shipping line in the world so once you have the sanctions coming in from the u. S. On these entities on these particular. Because they suddenly become hot cakes no
President donald trump called it a substantial phase one agreement but any talk of a truce of the trade war is pretty wide of the mog washington hasnt removed any tariffs and got a little relief for its famous beijing got crucial access to pork after its pig farmers were decimated by swine flu substantive issues still remain and theres an ongoing economic war in all but name washington slams 28. 00 Chinese Tech Companies with sanctions for their part in the repression of weaker muslims meantime beijing is using access to the Chinese Market as a weapon against those who criticize its policies and handling of hong kong protests the n. B. A. Was the latest to step into the chinese quagmire as a serious rob matheson reports from beijing. He sees one of the fastest ways for u. S. Basketball to risk losing billions of dollars of Chinese Investment has been a 7 word tweet double money general manager of the Houston Rockets n. B. A. Team voiced his support for hong kong protesters now Chinese
Any fast ones with the m. P. s and kind of preventing going accidentally on purpose if you like to a no deal bracks its on october 31st despite the votes in the house lets hear though from the Prime Minister trying to encourage m. P. s that his deal is the best thing that they have that is why hes now so urgent for us to move on and to build a new relationship with our friends in the e. U. On the basis of a new deal a deal that can heal the rift in british politics you know you. Unite the warring instincts in our soul and now is the time. For this great house of commons to come together and bring the country together to do. And paul not surprisingly a stinging rebuff from Jeremy Corbyn he said look you know the government cant be trusted d. He said that labor will not back what he described as a sell out deal what more that he have to say when he said labor wouldnt be duped i mean on friday the government came out and in a bid to try and win over some labor votes some labor m. P. s sai
Trump these for his impeachment defense and early one what does he need he basically needs a whole stack of things that start with not having another secure in secure situation on his borders or a way that the Syrian Refugees might actually stay or increase in number and still theyve got problems and it lib and unsteady relations with the russians the iranians and the regime but im ahead of the news hour including we take a look back at the final to have campaigning ahead of crucial elections in mozambique next week but. I doubt whats giving some fish farmers and malaysia sleepless nights. And then sport the world but this is the 1st ever sub 2 hour marathon and we will have that. The roadside bomb has killed at least 10 Kenyan Police officer single reset thats near the border with Somalia Police believe the homemade device was planted by the somali based Group Alshabaab a similar explosion in june killed 10 officers in the region a pushchair also near the somali border. 7 people have