MANAGUA, Dec 23- The Hong Kong- based company with a concession to build a $50 billion shipping canal in Nicaragua said on Tuesday it is preparing to launch an initial public offering. Wang Jing, Chairman and Chief Executive of the HK Nicaragua Canal Development Investment Co Ltd, told reporters in Managua that he hoped the listing would take place in the stock...» Read More
LOS ANGELES, Dec 22- Shipping lines and terminal operators at 29 U.S. West Coast ports requested federal mediation on Monday in their contract talks with the union for 20,000 dockworkers, saying the two sides remain far from a deal after seven months of negotiations. The International Longshore and Warehouse Union has so far resisted previous calls by the...
MANAGUA, Dec 22- Nicaragua on Monday broke ground on its Chinese-led $50 billion shipping canal, a massive infrastructure project that aims to rival Panama's waterway and revitalize the economy of the second-poorest country in the Americas. Construction of the new waterway will be run by Hong Kong- based HK Nicaragua Canal Development Investment Co Ltd, which...
LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...
Contract talks that bogged down movement in West Coast ports are making slow but steady progress, the union and shippers said.
LOS ANGELES, Dec 15- The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups. The International Longshore and Warehouse Union and the Pacific Maritime Association,...
Negotiations over a new contract for dockworkers at 29 West Coast ports took an unexpected turn, as employers decried the "extended break" in talks.
NEWCASTLE, Australia, Oct 17- Hundreds of protesters on Friday joined environmental activists from a dozen South Pacific countries attempting to halt shipping at the world's largest coal export terminal in eastern Australia by forming a blockade with canoes, surfboards and kayaks. Nonetheless, organisers from the 350. Org environmental group said it...
The tie-up was approved after four out of five commissioners at the Federal Maritime Commission voted not to seek further information from the two shippers about the impact of the alliance on exporters and ports. The U.S. approval will come into force on Saturday, Richard Lidinisky Jr, Federal Maritime Commission commissioner, told Reuters.
HONG KONG, Sept 5- China shares rose for a sixth straight day, with port stocks leading Friday's gains thanks to Chinese government's plans to support the shipping industry. Ningbo Port surged the maximum allowed 10 percent and Tianjin Port Holdings rose 2.8 percent after China published a set of guidelines to support and develop its shipping industry.
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 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.
A contract that covers nearly 20,000 dockworkers is set to expire, and businesses are worried about disruptions.