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Marine Ports and Services

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  • MOSCOW, March 16- Russia's Global Ports will scrap dividends and consider selling additional shares, the London- listed ports operator said on Monday, reflecting economic turmoil that has crippled the freight market in Russia. The company fell to a net loss last year as a fall of more than 40 percent in the rouble led to foreign exchange losses on its...

  • MOSCOW, March 16- Russia's Global Ports will scrap dividends and look to sell additional shares, the London- listed ports operator said on Monday, reflecting economic turmoil that has crippled the freight market in Russia. The company fell to a net loss last year as a fall of more than 40 percent in the rouble led to foreign exchange losses on its...

  • SAO PAULO, March 3- Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a key highway in top soy state Mato Grosso opened. Nationwide, there were 18 roadblocks over rising freight costs by the end of the day on Monday, well below peaks of more than 100 a week ago,...

  • ISMAILIA, Egypt, Feb 26- Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway. The army began in August digging the new $8 billion canal that President Abdel Fattah al-Sisi, the...

  • TORONTO, Feb 23- A looming lockout at Canada's biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed on Monday. CN Rail operates freight trains on tracks across Canada and the United States, but Unifor represents only Canadian workers. Ontario- based automakers such as Ford...

  • TORONTO, Feb 23- A looming lockout at Canada's biggest railway threatens to delay imports from Asia and may compound a U.S. West Coast port logjam unless last-ditch contract talks succeed on Monday. CN Rail operates freight trains on tracks across Canada and the United States, but Unifor represents only Canadian workers. A lockout could spur disruptions of...

  • When West Coast docks will catch up: Port boss Monday, 23 Feb 2015 | 9:19 AM ET
    A container ship is docked at the ports of Los Angeles and Long Beach, Calif., in this aerial photo taken Feb. 6, 2015.

    Congestion at 29 ports following a months-long labor dispute has reached "epic proportions," the Port of Long Beach CEO tells CNBC.

  • LOS ANGELES, Feb 21- A group of shipping companies and a powerful dockworkers union reached a tentative labor deal late on Friday after nine months of negotiations, settling a dispute that disrupted the flow of cargo through 29 U.S. West Coast ports and snarled trans-Pacific maritime trade with Asia. The White House called the deal "a huge relief" for the economy,...

  • West Coast ports, union reach tentative labor deal Saturday, 21 Feb 2015 | 1:56 AM ET
    Container ships sit docked in a berth at the Port of Oakland on February 17, 2015 in Oakland, California.

    Shipping companies and terminal operators clinched a tentative deal with the dockworkers union, settling a labor dispute causing months of backups at 29 U.S. ports.

  • SAN FRANCISCO, Feb 20- Shipping companies and terminal operators clinched a tentative deal with the dockworkers union on Friday, settling a labor dispute that led to months of cargo backups at 29 U.S. West Coast ports and snarled trans-Pacific trade with Asia. The deal, confirmed by a source close to the situation, was reached after the U.S. labor secretary arrived...

  • SHIPPING COMPANIES AND DOCKWORKERS' UNION REACH TENTATIVE DEAL IN CONTRACT TALKS FOR 29 U.S.

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 2:30 p.m. ET Friday, 20 Feb 2015 | 3:01 PM ET

    No deal yet in U.S. West Coast port dispute. SAN FRANCISCO- Shipping executives and union leaders for dockworkers at 29 U.S. West Coast ports remain locked in a dispute as talks, brokered by the U.S. labor secretary, head into a fourth straight day. WASHINGTON- The Obama administration says it will create a special enrollment period for tax filers who were unaware...

  • SAN FRANCISCO, Feb 20- The U.S. labor secretary headed into a fourth straight day of intensifying talks with shipping executives and union leaders for dock workers on Friday, aiming to settle a contract dispute that has led to months of disruptions at 29 West Coast ports. Labor Secretary Tom Perez joined the talks in San Francisco on Tuesday at the behest of...

  • No deal yet in U.S. West Coast ports dispute - sources Friday, 20 Feb 2015 | 11:47 AM ET

    SAN FRANCISCO, Feb 20- Talks between shipping executives and union leaders for dock workers at 29 U.S. West Coast ports ended late Thursday with no deal, two sources close to the talks told Reuters Friday.

  • SAN FRANCISCO, Feb 20- The status of a dispute between shipping executives and union leaders for dock workers at 29 U.S. West Coast ports was unclear on Friday, with the Journal of Commerce, which earlier reported a deal may have been reached, saying conflicting reports had emerged on the status of the nine-month-old talks. Labor Secretary Tom Perez joined the...

  • SAN FRANCISCO, Feb 20- Shipping executives and union leaders for dock workers at 29 U.S. West Coast ports may have reached a tentative deal late Thursday, the Journal of Commerce said in a tweet on Friday, citing sources. Labor Secretary Tom Perez joined the talks in San Francisco on Tuesday at the behest of President Barack Obama, who has come under growing pressure...

  • SAN FRANCISCO, Feb 19- Shipping executives and union leaders for dockworkers at 29 West Coast ports ended a third day of contract talks late on Thursday without reaching a settlement but planned to meet again on Friday, a source close to the situation told Reuters. Labor Secretary Tom Perez was presiding over the talks in San Francisco, having joined them on...

  • Cyclone slams into northeast Australia Thursday, 19 Feb 2015 | 10:31 PM ET
    Surfers head out Snapper Rocks as Cyclone Marcia approaches the coast of Queensland on February 19, 2015 in Gold Coast, Australia.

    A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.

  • LOS ANGELES, Feb 19- The U.S. labor secretary engaged in a third straight day of talks with shipping executives and union leaders for dockworkers on Thursday seeking to settle a contract dispute that has led to months of disruptions at the 29 ports along the West Coast. Labor Secretary Tom Perez joined the talks in San Francisco at the behest of President Barack...

  • ALL MARINE TERMINAL WORK SUSPENDED FOR DAY AT PORT OF OAKLAND, CALIFORNIA, AMID ONGOING WEST COAST WATERFRONT DISPUTE- PORT AND UNION OFFICIALS.