🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Fuel tanks on fire at storage facility in Santos, Brazil

Published 02/04/2015, 20:06
Updated 02/04/2015, 20:11
© Reuters. Smoke rises from fire at a fuel tank storage facility run by Ultracargo in Santos
TWTR
-

RIO DE JANEIRO (Reuters) - Eighty firefighters were battling a fire at a fuel tank storage facility run by Ultracargo near Brazil's port of Santos, Latin America's largest, the local fire service said on Thursday.

The company said there had been no victims and the area had been evacuated. It was too early to say what had caused the fire, which was limited to four tanks and was now contained, it added in a statement.

Television footage showed large plumes of black smoke and fireballs coming from the site, near facilities run by Norway's Stolt-Nielsen Ltd and Transpetro, a subsidiary of state-run oil company Petrobras.

Transpetro said it had temporarily suspended operations and evacuated its personnel following instructions from the fire service, but that there was no risk to its facility. Stolt-Nielsen was not immediately available for comment.

The fire started at around 10 a.m. local time (1300 GMT), the fire service said on Twitter (NYSE:TWTR), adding that 22 fire trucks and one boat were involved in trying to control it.

The fire will take "a while" to put out, a fire official told local Globo TV. He added that so far they had focused on wetting down nearby tanks to stop the fire from spreading further.

The port of Santos said it had moved five ships docked at a nearby terminal due to the fire.

Ultracargo is Brazil's largest liquid bulk storage company and is owned by Grupo Ultra. Its Santos facility stores up to 301,300 cubic meters of fuels, chemicals, vegetable oils, ethanol and corrosive products, the company's website said.

© Reuters. Smoke rises from fire at a fuel tank storage facility run by Ultracargo in Santos

Shares in Grupo Ultra were down 2.1 percent in afternoon trade in Sao Paulo.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.