Search Site

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

Eight more grain silos collapse at blast-ravaged Beirut port

A smoke plume rises after the new collapse of the northern section of the grain silos at Beirut port. (AFP)
  • The silos had absorbed much of the impact of the massive explosion of haphazardly stored ammonium nitrate fertiliser that killed more than 200 people on August 4, 2020.
  • Only 12 of the original 48 silos are still standing, all of them in the southern block, said French civil engineer Emmanuel Durand, who has installed sensors on the silos.

Eight more grain silos at Beirut port toppled Tuesday, succumbing to damage from a devastating 2020 explosion in the third such collapse in a month, AFP correspondents reported.

A cloud of dust rose over the port after the collapse, which brought down the last of the northern block of silos that was more heavily damaged in the blast and where a fire had been burning since last month.

The remaining southern block is more stable and not at imminent risk of collapse, said French civil engineer Emmanuel Durand, who has installed sensors on the silos.

The silos had absorbed much of the impact of the massive explosion of haphazardly stored ammonium nitrate fertiliser that killed more than 200 people on August 4, 2020.

Only 12 of the original 48 silos are still standing, all of them in the southern block, Durand said.

A fire has been burning in the silos for more than a month as remaining grain stocks ferment in the summer heat.

The complex has come to symbolise the tragic blast, but also state negligence and corruption, which many Lebanese blame for the explosion.

“We hold authorities responsible for what happened with the silos,” said Mariana Fodoulian, who lost her sister in the explosion.

“We must preserve the southern block of silos” as a memorial, Fodoulian said, echoing the demands of many blast victim relatives.

In April, the government ordered the silos’ demolition but the operation was put on hold, partly because of the objections of victims’ relatives.

Relatives had called for a sit-in near the port at 1400 GMT.

Public Works Minister Ali Hamieh announced last week that the government had agreed to reserve 25,000 square metres (270,000 square feet) of the port to build new grain silos.

This is larger than the current complex which occupies a space of 21,000 square metres (226,000 square feet).

Hamieh said funding would come from international donors as well as the government, which has been bankrupted by a crushing financial crisis.