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COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews By K. Oanh Ha and Bruce Stanley | December 18, 2020 From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat on his back. “I thought I was finished,” said the 43-year-old Nabiyev, who’s worked on ships for almost 20 years. “We were all afraid for our lives.” Nabiyev and the 11 other crew members weren’t supposed to be in Beirut on Aug. 4, the day of the disaster that killed around 200 people and wounded more than 6,000. Like the tons of ammonium nitrate that had eventually exploded in the port, they too had been abandoned by the owner of their ship, left to the discretion of local officials and insurers. No one on Nabiyev’s crew was hurt, but as they learned more about the explosion i ....
What Happens When Tycoons Abandon Their Giant Cargo Ships By K Oanh Ha and Bruce Stanley | December 18, 2020 From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat on his back. “I thought I was finished,” said the 43-year-old Nabiyev, who’s worked on ships for almost 20 years. “We were all afraid for our lives.” Nabiyev and the 11 other crew members weren’t supposed to be in Beirut on Aug. 4, the day of the disaster that killed around 200 people and wounded more than 6,000. Like the tons of ammonium nitrate that had eventually exploded in the port, they too had been abandoned by the owner of their ship, left to the discretion of local officials and insurers. No one on Nabiyev’s crew was hurt, but as they learned more about the explosion in the weeks ....
What happens when tycoons abandon their giant cargo ships What happens when tycoons abandon their giant cargo ships Covid has wrought havoc everywhere, but in the nominally regulated shipping industry it’s fueling a worrying practice: the abandonment of ships, cargo & seafarers. Text Size: A+ From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat on his back. “I thought I was finished,” said the 43-year-old Nabiyev, who’s worked on ships for almost 20 years. “We were all afraid for our lives.” ....
Bloomberg | Dec 14, 2020 By Anatoly Medetsky and Megan Durisin Russia is rattling agriculture markets once again with the threat of government intervention as President Vladimir Putin and his prime minister rail about food-price inflation in one of the world’s biggest exporters of wheat and sunflower oil. This week, Putin expressed surprise at sharp price increases for staples like bread and sunflower oil, and told the government to develop a plan for curbing them. Prime Minister Mikhail Mishustin jumped in Thursday, saying food producers, exporters and retailers should stop taking advantage of consumers. Officials are already considering a wheat export tax in addition to the earlier proposal to set a grain shipment quota for a few months next year, according to an export lobby group. ....