EghtesadOnline: An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding that large amounts of oil are burning in the surrounding waters.
EghtesadOnline: The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea’s Ministry of Oceans and Fisheries told Reuters on Wednesday, as the blaze raged for a fourth day following a collision with a freight ship.
EghtesadOnline: Japan’s cabinet approved a record defense budget of just over 5 trillion yen ($42.5 billion) for the year starting April, as tensions with China simmer over disputed islands in the East China Sea.
EghtesadOnline: Japan warned China on Tuesday that ties were "deteriorating markedly" over disputed East China Sea islets, and China's envoy in Tokyo reiterated Beijing's stance that the specks of land were its territory and called for talks to resolve the row.
EghtesadOnline: Japan has filed a protest to Beijing after the discovery that China installed radar equipment in a gas exploration platform close to disputed waters in the East China Sea, a Japanese foreign ministry spokesman said on Sunday.