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Marine Ports and Services

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  • Sept 2- Buckeye Partners LP said it would pay $860 million for 80 percent of Trafigura AG's membership interests in certain midstream assets linking South Texas to the Gulf Coast. Buckeye Texas Partners will run a deep-water, high-volume marine terminal, a condensate splitter and LPG storage complex on the Corpus Christi Ship Channel, Buckeye said.

  • SYDNEY, Aug 28- The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A $1 billion to A $2 billion as its resource-heavy economy adjusts to the collapse of a decade-long mining boom.

  • SHANGHAI, Aug 22- Thousands of truck drivers went on strike over salary and haulage rates in the eastern Chinese port of Ningbo this week, and a logistics firm said on Friday the industrial action was disrupting operations at the world's sixth busiest port.

  • SHANGHAI, Aug 15- China will expand a scheme to speed up tax refunds for companies that export via a Shanghai port, the government said on Thursday, as it looks to boost the city's role as an international shipping centre.

  • CAIRO, Aug 5- Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145- year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.

  • China to build more LNG tankers in high-tech push Monday, 4 Aug 2014 | 8:00 PM ET

    *China builders to grab a fifth of LNG ship orders to 2020- ABS. Up to 50 liquefied natural gas tankers, or more than 20 percent of the 225 LNG vessels expected to be added worldwide by the end of 2020, are set to be built in China to deliver gas to its ports, according to estimates from ship safety agency the American Bureau of Shipping.

  • July 28- Canadian power company TransAlta Corp said it would build a A $570 million gas power station in South Hedland, Western Australia. The 150- megawatt power station will supply to customers of state-owned Horizon Power in the Pilbara region and to Fortescue Metals Group Ltd's port operations, TransAlta said on Monday.

  • Loh Chin Hua, Chief Executive Officer of Keppel Corporation, says it's "heartening" to see Beijing rolling out measures targeted at the ongoing stress in the property market.

  • BUENOS AIRES, July 22- A new strike by port workers in Argentina's biggest grains hub prevented shipping in the terminals of major exporters Bunge, Toepfer and Nidera on Tuesday, a local business group said.

  • The CSI300 of the leading Shanghai and Shenzhen A-share listings was off 0.1 percent. Dalian Port PDA and Rizhao Port plunged 10 and 9.4 percent, respectively, while China Shipping Container Lines shed 3.4 percent. Property giant China Vanke was the top CSI300 boost, climbing 3.9 percent in Shenzhen, while Poly Real Estate Group rose 1.8 percent in Shanghai.

  • Billions at risk as West Coast port contract ends Monday, 23 Jun 2014 | 8:14 AM ET
    The Maersk Alfirk container ship is unloaded at the Port of Los Angeles in San Pedro, Calif., April 8, 2014.

    A contract that covers nearly 20,000 dockworkers is set to expire, and businesses are worried about disruptions.

  • TRIPOLI, June 22- Libya's eastern Hariga oil port has reopened and received a first tanker loading oil, a spokesman for state-owned National Oil Corp said on Sunday after the government paid salaries of protesting state security guards at the terminal.

  • MOSCOW, June 9- Russia will not privatise telecoms company Rostelecom, shipping company Sovkomflot and the Novorossiisk sea port this year, RIA news agency quoted Deputy Finance Minister Tatyana Nesterenko as saying on Monday. "We expect a significant decline in revenues from privatisation, to 170.8 billion roubles.

  • RUSSIA WILL NOT PRIVATIZE TELECOMS COMPANY ROSTELECOM, SHIPPING COMPANY SOVKOMFLOT, NOVOROSSIISK SEA PORT THIS YEAR- RIA CITES DEPUTY FINANCE MINISTER NESTERENKO.

  • HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd weakened in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.

  • HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd are set open flat in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.

  • 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.