China raced to contain oil leaking from an Iranian tanker stricken off its eastern coast Tuesday amid warnings the burning ship could spark an environmental disaster.
The Sanchi was carrying 136,000 tonnes of light crude oil when it collided with a cargo ship on Saturday and erupted into flames 160 nautical miles east of Shanghai.
If all the cargo fromRead more
The South Korean Daewoo Shipbuilding and Marine Engineering Co. is to establish a shipbuilding company in a joint venture with Iranian state-run companies, Tehran Times daily reported on Tuesday.
Daewoo will found the company with three Iranian companies of the Industrial Development and Renovation Organization of Iran (IDRO), the National Iranian Tanker Company (NITC), and the Islamic Republic ofRead more