Oil Platform Catches Fire off Corpus Christi

first_imgzoom A Magellan-owned oil platform, located three miles offshore of Corpus Christi, suffered a fire in the afternoon hours of March 7.According to the United States Coast Guard, watchstanders received a report of the fire and launched a Coast Guard Station Port Aransas 45-foot response boat crew to the area.Once on scene, the response boat crew established a 200-yard safety zone. There were no persons aboard the platform at the time of the fire and at around 6:30 p.m. local time the response boat crew reported the fire was out.A team of firefighters, coordinated by O’Brien’s Response Management, arrived on the platform and confirmed the fire was out, as well as no visible signs of pollution.An investigation into the cause of the fire was launched.last_img

Team Tankers Finalizes Acquisition Deal

first_imgzoomImage Courtesy: Team Tankers International Chemical tanker operator Team Tankers International has finalized the acquisition of Laurin Shipping AB and Anglo-Atlantic Steamship Company.Earlier in 2018, the company entered into agreements to acquire all of the outstanding shares in each of the two companies, which are engaged in the Medium Range (MR) tanker shipping sector.The preliminary purchase prices payable at closing for the shares in Laurin Shipping AB and Anglo-Atlantic Steamship Company have been estimated to USD 10.4 million and USD 55.3 million, respectively.The preliminary subscription price for the shares in the company has been estimated at USD 2.00 per share and a total of 21,096,099 new shares in Team Tankers have been issued to the former owner of Anglo-Atlantic Steamship Company, Thunder Bay Ltd.The new shares represent 10.07% of the issued shares and votes of Team Tankers.The mentioned preliminary purchase prices and the subscription price are subject to customary post-closing adjustments.Following the issuance of the new shares, the issued share capital of the company will be 209,578,173 common shares, each with a par value of USD 0.01.last_img read more

Uber says ridehailing rules mean limiting its service to Metro Vancouver

first_imgVANCOUVER — Uber says it has applied to operate its ride-hailing service in Metro Vancouver but not the rest of British Columbia.Michael van Hemmen, Uber’s head of western Canada, says the company remains interested in providing service across the province but proposed regulations aren’t conducive to operations in smaller municipalities.In a statement, the company says it has relayed its concerns to the provincial government about the need for a Class 4 drivers licence for its drivers, which is also required for services like limousines, ambulances and commercial truck drivers.It says there’s no empirical data that shows any safety benefit to requiring drivers to hold a Class 4 licence compared with a Class 5 licence when there’s been strict screening for safe driving history.The company says it has proposed a two-year pilot program to study the safety record of ride-hailing drivers and relevant Class 4 licence holders. The Canadian Presslast_img read more

Tensions soar between Kosovo and Serbia over trade tax

first_imgBELGRADE, Serbia — Serbia’s president has criticized the European Union and the West for allegedly failing to prevent Kosovo from triggering a trade war as tensions soar between the wartime foes.Aleksandar Vucic’s claims on Thursday came a day after Kosovo’s government slapped a 100-per cent import tax on all goods imported from Serbia and Bosnia.Vucic says the West has always blamed “both sides” for tensions in Kosovo, “while in fact they support only one, and that is not Serbia.”After a bloody war in 1999, Kosovo declared independence from Serbia in 2008, something that Serbia and its ally Russia do not recognize while the U.S. and most Western countries do.The EU has told the two sides they must normalize relations as a precondition to entering the bloc.The Associated Presslast_img read more