Mystery Oil Spill in Brazil Could Have Been Caused by Greek Ship
A Greek ship is being implicated by Brazilian authorities as part of a probe into a mysterious oil spill in the Latin American country.
More information is being sought about the merchant vessel that may have been the source of the oil leak, according to statements from the police and federal prosecutor's office. The ship, which wasn't named, docked in Venezuela on July 15, stayed for three days, and headed for Singapore by crossing the Atlantic Ocean, according to the authorities.
Oil began washing up on Brazil's pristine northeast coastline in early September, with the crude tainting popular beaches, killing sea turtles and scaring off fishermen. It's putting the country back in the spotlight for environmental disasters. A surge in fires in the Amazon rainforest in August sparked an international backlash against President Jair Bolsonaro, a social conservative who supports developing natural resources in the region.
The spill allegedly occurred during the ship's journey between July 28 and 29, when only one oil tanker was observed navigating through international waters about 700 kilometers (435 miles) off the Brazilian coast, the authorities said. While the vessel appears to be linked to a Greek company, it's unknown who owned the oil that was being transported, they said.
Federal police acted on search warrants issued by a judge in Rio Grande do Norte state, according to the statements. Brazilian authorities have requested cooperation from other countries through the Interpol system, the federal police said, to obtain additional data on the vessel, ship crew and the company responsible for the oil.
The federal police is on its way to fully “clarify this terrible environmental crime,” Brazil Justice Minister Sergio Moro said in a twitter post.
--With assistance from Ney Hayashi.
To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net
To contact the editors responsible for this story: Juan Pablo Spinetto at jspinetto@bloomberg.net, Pratish Narayanan, Millie Munshi
©2019 Bloomberg L.P.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?