Word: tankered
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...pragmatism is exactly what is needed from the Tripartite Forum talks, whose program includes discussions of visas, financial regulations, education and, yes, the environment. "There's an absolute void there, so when you have a catastrophe like the New Flame [a cargo ship that collided with an oil tanker and sank off the Gibraltar coast in 2007], any initiative by anyone only produces more conflict," he says. "In that sense, any agreement that comes out of the talks will be better than what there is now, which is nothing." (See pictures of Spain's Madcap Tomato Festival...
...Even if U.S. Navy warships quickly stepped in to keep the waterway open, traders and tanker captains would be spooked, and the cost of transporting oil would rise sharply. "It is a scenario anyone who looks at security of supplies considers," says David Fyfe, head of the oil-markets division at the International Energy Agency in Paris, which represents oil-consuming industrialized countries. "It would affect up to 12 million bbl. of oil a day." (See highlights from a debate between Joe Biden and Sarah Palin...
Twenty years since the Exxon Valdez tanker ran aground in southeastern Alaska on March 24, 1989, spreading an 11-million-gallon crude-oil inkblot into Prince William Sound, the formerly pristine coastal waters once again appear clean and untouched...
...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...
...Asian Nations in Pattaya, forcing its cancellation and the evacuation of regional leaders, attempted to physically attack Prime Minister Abhisit on two occasions, and launched a sometimes violent an chaotic protest in the capital, during which they burned buses, set off small bombs, threatened to blow up a gas tanker, blocked traffic on major roads, and shot and killed two local non-protestors who objected to their invasion of a neighborhood market...