Tag: Sunnefa

Third LR2 Tanker Joins Navig8 Product Tankers

first_imgzoom Shipping company Navig8 Product Tankers, part of Navig8 Group, has taken delivery of its third LR2 110,000 dwt product tanker from South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering Co., Ltd.The new vessel, named Navig8 Solace, will be entered into and operated in the Alpha8 commercial pool, managed by the Navig8 Group.The company has so far taken delivery of three LR1 and three LR2 product tanker newbuildings.The company’s latest addition was an LR1 74,000 dwt product tanker, the Navig8 Expedite, which joined the fleet last week.Navig8 Product Tankers, established in 2013 as a joint venture between the Navig8 Group and DVB Bank, expects that its entire newbuilding fleet will be delivered by the end of 2016.The company maintains an orderbook of long-range (LR), eco-design product tankers, comprising 15 LR2 and 12 LR1 vessels.last_img read more

US levels 23 charges against Huawei for stealing secrets evading sanctions

WASHINGTON — The U.S. Department of Justice is formally levelling 23 criminal charges against Chinese tech juggernaut Huawei Technologies, multiple subsidiaries and chief financial officer Meng Wanzhou.The charges allege, among other things, that the company misrepresented its ownership of a Hong Kong-based subsidiary to circumvent American sanctions against Iran, and stole telecommunications technology, trade secrets and equipment from U.S. cell provider T-Mobile USA.Acting Attorney General Matt Whitaker says the department is proceeding with its extradition efforts against Meng, who was detained Dec. 1 at the request of the U.S. upon arriving at the airport in Vancouver.Whitaker and FBI director Christopher Wray both thanked Canadian officials for their help.  Meng’s arrest almost two months ago touched off an ongoing diplomatic furor that resulted Sunday in the firing of John McCallum as Canada’s ambassador to China after he publicly expressed confidence in her ability to fight extradition to the United States.News of the charges comes just as the White House is making plans for a team of high-level economic advisers to meet a delegation from China later this week to talk trade between the two countries.U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross will take part in the two days of talks beginning Wednesday, along with the president’s economic adviser Larry Kudlow and trade adviser Peter Navarro.White House spokeswoman Sarah Sanders says the two developments are unrelated.The Canadian Press read more