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The Tianshan Shengli tunnel, now the world's longest highway tunnel, has opened in China's Xinjiang region. This 22-kilometer tunnel is part of a new highway that significantly reduces travel time between the northern and southern parts of the region.
Hengli, a major Chinese conglomerate spanning from silk to petrochemicals, is reportedly facing the impact of US sanctions.
Efnav has taken delivery of a new 82,000 dwt bulk carrier named 'MV MARATHON' from Hengli Heavy Industry, following a naming and delivery ceremony on May 6.
The Hengli Group, a Chinese oil firm, has been sanctioned for allegedly facilitating billions of dollars in oil purchases from Tehran, leading to its owners losing $1.4 billion and adding tension to an upcoming summit between Trump and Xi Jinping.
Hengli Petrochemical has issued a denial of any links to Iran after its refining unit was hit with U.S. sanctions. The company is responding to allegations of violating sanctions.
A significant earthquake swarm, including a magnitude 4.5 tremor, has struck the Hengill and Hellisheiði areas in Iceland, with experts warning of the potential for another large quake. Over 120 quakes have been recorded in the continuous seismic activity.
Hengli, a major Chinese conglomerate with interests from silk to petrochemicals, is reportedly facing the impact of new US sanctions, adding to trade tensions between the two nations.
The newly established Beacon Tankers Management, associated with the Prokopiou family, is making its debut in the tanker sector. The company has placed an order for two 158,000 dwt suezmax tankers with Hengli Heavy.
The husband and wife who founded the sanctioned Chinese energy giant Hengli Group have reportedly lost US$1.4 billion. This significant financial setback follows the imposition of sanctions on the company.
China's Hengli Group has denied engaging in oil trade with Iran, following the imposition of U.S. sanctions on one of its units.
A magnitude 4.5 earthquake has struck the Hengill area in Iceland, though there are currently no indications of magma accumulation. Authorities are monitoring the seismic activity.
The U.S. Senate confirmed Kevin Warsh, a pick by President Trump, to the Federal Reserve Board of Governors in a close vote. His confirmation positions him as a potential candidate for the Fed chair.
The US imposed sanctions on China's Hengli, escalating its crackdown on Iran's oil trade, though Hengli Petrochemical denied doing business with Iran and stated the sanctions lack factual and legal basis.
China has issued a warning to the United States regarding the 'misuse' of sanctions, following the imposition of measures against oil refiner Hengli. Beijing urges Washington to cease such actions.
China's Hengli Petrochemical has issued a denial of any trade with Iran, responding to recent sanctions imposed by the United States.