Building a world of
resilient communities.

MAIN LIST

 

Hong Kong oil tanker refuses to visit Basra due to terror threat

The crew of a Hong Kong-registered oil tanker refused to dock in the Iraqi oil terminal of Basra out of fears of terror attacks, the company that owns the ship said Tuesday.

Chief Executive George Chao of Wah Kwong Shipping said he went along with the crew's decision because he was worried about the security situation in Iraq and a recent terror threat against several shipping companies.

He said he was concerned about the safety of his crew, the ship and the oil it was carrying, adding the ship was worth $100 million.

''It's a lot of money,'' he said.

Chao declined to say how much oil the tanker was scheduled to pick up or where it was to have been delivered.

The Venture Spirit has been under a five-year charter to Teekay Shipping, a crude oil shipper, since last June. Chao said it is now being replaced by another ship that will pick up the oil in Basra.

The incident comes after South Korean intelligence officials said on Saturday that Islamic militants posted an online message threatening attacks against ships carrying U.S. military goods in the Middle East.

The warning reportedly cited a South Korean shipping company and eight other shipping firms from the United States, the Netherlands and Hong Kong as its targets.

But Hong Kong police said Saturday there was no specific intelligence that Hong Kong shipping firms or locally registered ships are being targeted by terrorists.


Alternative Energy Challenges

The various obstacles to alternative energy compound the fundamental …

Former Soviet Union crude oil exports declined by 5.5 % in last 2 years

Russia is at its 2nd and last oil peak. The easy oil is gone. The FSU export …

Peak oil review - June 17

 A weekly update including: Oil and the Global Economy, The Middle East …

Shale gas, tight oil, and fracking - June 17

•Why America's Shale Oil Boom Could End Sooner Than You Think …

Results may vary: Beware of kaleidoscopic vision in the oil and gas industry

Like children looking through a kaleidoscope who are unaware of its actual …

The Microgrid Solution

“The move to the smart grid is impossible to achieve in one big …

Energy transitions - June 14

•Community Solar Concept A Big Hit At Michigan Energy Fair •A …