Philippines fishermen fear solar farm on lake could hurt their income
Alcones, a member of a group that opposes the government's plans to install solar panels on top of Laguna de Bay, the largest source of freshwater fish in the country, to meet the growing demand for electricity, is opposed to this plan. "Laguna Lake provides income and life to fishermen who have not finished school, like us. "It also provides many displaced workers with an alternative source of income by fishing," said Alcones a 55-year old father of two, who lives near Laguna Lake. The Philippines, an archipelago with more than 7,500 islands, is limited by its land resources.
Peru's Melting Glaciers a Deadly Threat as Temperatures Rise
High in the Peruvian Andes, the glacier-fed lake Laguna 513 brims with meltwater atop a populated valley in a region prone to earthquakes. Scientists warn that if a giant chunk of ice from the Hualcan glacier breaks off it could trigger a tsunami-like wave in Laguna 513 and send a lethal torrent of water cascading down the valley. It has happened before in the Andean nation. In 1970, a 7.9 magnitude earthquake shook ice blocks into highland lakes and unleashed an avalanche that buried the town of Yungay and killed more than 20,000 people.
OW Bunker to Meet Liquidator; Ship Arrests Continue
OW Bunker owes financers more than $750 million-creditor data; six more vessels arrested; 7 in total. The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1.5 billion globally. OW Bunker, a leading supplier of marine fuel oil known as "bunker", filed for bankruptcy in Denmark earlier this month after it revealed losses of at least $125 million at one of its Singapore-based subsidiaries Dynamic Oil Trading, sending the bunker fuel market into turmoil.
Ship Arrested, More Claims Emerge Against OW Bunker
Fuel barge Laguna, carrying oil sold by Hin Leong to OW Bunker, arrested. Total claims against OW Bunker Far East and Dynamic Oil now over S$5 mln. Oil firms stepped up legal action against the Singapore units of bankrupt ship fuel trader OW Bunker with the arrest of a ship fuel delivery barge Laguna on Wednesday and claims totalling more than S$5 million. Court documents seen by Reuters showed that the overall amount of claims made against OW Bunker Far East (Singapore) and Dynamic Oil Trading…
