Marine Ports and Services


  • VANCOUVER, March 14- The Canadian and British Columbia governments and Port Metro Vancouver announced late on Thursday a 14- point action plan to end a labor dispute that has severely impacted operations at Canada's largest port.

  • Truck driver strike at Vancouver port picks up steam Monday, 10 Mar 2014 | 3:04 PM ET

    VANCOUVER, March 10- Unionized container truck drivers set up picket lines at Canada's largest port on Monday, joining hundreds of non-unionized workers who walked off the job last month in a dispute over pay and services.

  • MEXICO CITY, March 3- Mexico seized more than 119,000 tonnes of minerals suspected of being part of illegal export operations in a port where a powerful drug gang allegedly has been shipping iron to China, the government said on Monday.

  • PANAMA CITY/ MADRID, Feb 18- The Panama Canal and a Spanish-led construction consortium expanding the major global waterway discussed options on Tuesday to keep the multibillion-dollar project afloat amid a dispute over costs, but any deal seemed unlikely ahead of a looming deadline.

  • By Vladimir Soldatkin and Gleb Stolyarov. MOSCOW, Feb 12- Russian investment group Summa has bought out the world's largest oil trader as a partner in a firm building a terminal at the Dutch port of Rotterdam, which could damage its plan to establish Urals crude as a market benchmark.

  • Australia coal ports shut as cyclone intensifies Thursday, 30 Jan 2014 | 1:48 AM ET

    *Coal ports close as cyclone zeroes in on Queensland state. SYDNEY, Jan 30- Industrial ports have closed along Australia's Queensland coast as a cyclone strengthens offshore, bringing some of the world's largest coal shipping operations to a halt, port officials said on Thursday.

  • Cuba opens new port built with Brazilian aid Monday, 27 Jan 2014 | 11:48 AM ET

    MARIEL, Cuba, Jan 27- Cuba on Monday inaugurated a $957 million port billed as the most modern in Latin America and crucial to the economic future of the communist-ruled island in a project financed by Brazil and equipped for ships passing through an expanded Panama Canal.

  • Expanding Arctic ocean to get its own shipping rules Tuesday, 21 Jan 2014 | 6:36 AM ET

    TROMSOE, Norway, Jan 21- New shipping rules are soon to be agreed for the Arctic, where summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. The Northern Sea Route along Russia's edge can reduce the sailing distance between Asian ports and Northern Europe by 40 percent.

  • MILAN/ BRUSSELS, Jan 20- The Panama Canal Authority has turned down an offer by the European Commission to mediate in a multi-billion dollar dispute with a Spanish-led construction consortium which threatens to halt work on widen the century-old waterway.

  • PANAMA CITY/ MADRID, Jan 19- A consortium of construction companies, led by Spain's Sacyr, backed down on Sunday from a threat to immediately halt work expanding the Panama Canal in a dispute over cost overruns, but said it could still do so at a later date.

  • WINNIPEG, Manitoba, Jan 16- Canada's record canola and wheat harvests have clogged its rail arteries and overwhelmed its ports, sticking Glencore and other grain handlers with millions of dollars in shipping penalties and leaving farmers' bins flush with crops worth less by the day.

  • *Codelco, Antofagasta copper exports affected. Much of Chile's copper, which accounts for roughly a third of the world's supply, leaves from its ports on the Pacific Ocean, often destined for consumption in top client China.

  • TRIPOLI, Jan 7- Output at Libya's El-Sharara oilfield rose more on Tuesday to over two thirds of full capacity and a pipeline shipping condensate- very light crude- to a western port reopened, marking progress in government efforts to rebuild vital exports.

  • SYDNEY, Dec 30- A tropical cyclone intensifying off northwestern Australia was on course to sweep across some of the world's largest iron ore mines after causing giant shipping ports to close. The most-traded iron ore futures May contract on the Dalian Commodity Exchange rose to a session high of 920 yuan, a level last seen on Dec. 17.

  • LONDON, Dec 23- The Syrian government of President Bashar al-Assad has received substantial imports of Iraqi crude oil from an Egyptian port in the last nine months, shipping and payments documents show, part of an under-the-radar trade that has kept his military running despite Western sanctions.

  • KISMAYU, Somalia, Dec 4- Al Qaeda- linked militants, drug smugglers and shadowy criminal networks stand in the way of the Somali federal government's hopes of hiring a foreign firm to manage the lucrative but run-down southern port of Kismayu.

  • Shipping stocks still not cheap enough: Pro     Tuesday, 29 Oct 2013 | 11:23 PM ET

    Jonathan Windham, Head of Asia Ex-Japan Transport and Infrastructure Research at Barclays thinks investors should steer clear of shipping stocks, saying they aren't cheap enough to justify the risk.

  • Hong Kong Dockworkers Deal a 'Half Victory'     Monday, 6 May 2013 | 9:35 PM ET

    Lee Cheuk-Yan, Hong Kong Legislator and Chairman of the Labour Party, calls the agreed wage increase for Hong Kong port workers a "half win", saying the union will continue to work for a collective bargaining agreement.

  • Australian Iron Ore Port to Reopen as Storm Passes Tuesday, 22 Jan 2013 | 7:36 PM ET

    Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.

  • The threat of imminent labor unrest at four U.S. Pacific Northwest ports was averted on Wednesday as the dockworkers union said its members would stay on the job despite "substandard" contract terms being imposed unilaterally by grain shippers.

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