Word: oiling
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...police force. Some carried only sidearms, some no guns at all. Clinton decided he could not risk sending them ashore and ordered the Harlan County to pull up anchor and steam away. At U.S. request, the U.N. Security Council voted to reimpose as of midnight Monday an embargo on oil and arms shipments to Haiti. An earlier embargo had pushed the Haitian military leaders into agreeing to let Aristide resume power on Oct. 30. But this time they answered with murder -- of Guy Malary, Justice Minister in the transitional government that was to pave the way for Aristide's return...
...economic crisis has hit much of the developed world, but it has especially affected Dubai. As the least oil-rich of the seven emirates, Dubai generates most of its revenue from trade, real estate, and finance—all industries which have slowed significantly. As might be expected, the Dubai Center has not gone unscathed...
China then has the oil to provide fuel for automobiles, the metal to build them and the country seems to be ready to shop for car companies. According to Reuters, the chief of China's large Chongqing Changan Auto Co. is prepared to take a vulture-fund approach to buying assets. He said, "The longer the crisis lasts, the bigger the chance of failure or a scale-down of some American and European automakers." It is a brutal but honest assessment of the industry, and a clear and public sign that China believe that "money talks...
Here is how the system works, according to kidnap-and-ransom experts who agreed to talk to TIME: Within minutes of a vessel being seized by Somali pirates (or foreign oil workers being nabbed in Venezuela or Nigeria) the crew alerts its company headquarters. There, officials call the company's insurer, which then contracts a "response company" - private firms, like Control Risks in London or ASI Global in Houston, which are generally staffed by former military personnel experienced in hostage situations, and whose day rates can run to thousands of dollars, according to insurance brokers. Those companies begin negotiations with...
...negotiations which can drag on for weeks, the sum is agreed - usually more than $2 million for a container ship or oil tanker. Then the cash is air-dropped by private security companies that specialize in delivering ransoms to Somali pirates; insurance brokers say that's only about three companies. "The money is concealed in large floating plastic containers, and flown by air and dropped," says Mike Regester, an insurance broker for the London company Cooper Gay, which covers oil and shipping companies for kidnap and ransom. "Then the pirates go out and pick it up," he says...