Investing.com - Financial Markets Worldwide
😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Tianjin port blasts disrupt oil, chemical tanker traffic -sources

Published 2015-08-13, 04:38 a/m
© Reuters. Tianjin port blasts disrupt oil, chemical tanker traffic -sources
CL
-

SINGAPORE, Aug 13 (Reuters) - The deadly explosions in the
northeast Chinese port city of Tianjin have disrupted chemical
and oil tankers going in and coming out of the port, trading and
shipping sources said on Thursday.
Two huge explosions tore through an industrial area where
toxic chemicals and gas were stored in Tianjin, killing at least
44 people and injuring hundreds, officials and state media said
on Thursday.
A crew member on board the 317,713 deadweight tonne very
large crude carrier Samco Europe confirmed they had been told to
stop discharging their crude oil cargo at about 0715 GMT.
"The port authority told the ship to stop because there is
still a risk of explosion due to the fire. They wanted all
activity stopped," said one of the officers on board the ship,
adding it was unclear when reloading could restart.
Another trading source was told by a port agent that
shipping had halted.
"Because of the explosions in the Tianjin port area, no
chemical and crude (oil) tankers are going in or out at the
moment," said the source.
Tianjin is the home port for some of China's strategic oil
reserves, which the government is currently filling up.
Reuters shipping data showed that there were currently more
than two dozen tankers, including oil and other petrochemical
products, in the Tianjin port region, either waiting to get in
or leave the harbour zone.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.