DUBAI, United Arab Emirates— Dubai- based port operator DP World said Thursday its profit rose 26 percent in the first half of the year as it was able to process more cargo thanks to new capacity and a pick-up in global trade. DP World ranks among the largest port operators, with a heavy emphasis on fast-growing markets in the developing world.» Read More
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.
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.
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.
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.
A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.
As the Greek government contemplates shedding state-owned assets to help pay down staggering debts, it could consider leasing or even selling the rest of the port to China, the New York Times reports.
Insight on Port of Miami preparing for shipments via the Panama Canal in 2014, with Bill Johnson, Port of Miami, who shares the port's plans to generate 30,000 new permanent jobs; with Gov. Rick Scott (R-FL).
Kurt Nagle, president & CEO, American Association of Port Authorities, discusses the need for Federal investment in ports as well as the ways in which a lack of investment damages American competitiveness.
Key Spillway opened to channel water away from Mississippi River, with CNBC's Brian Sullivan.
The outlook of the container shipping industry remains uncertain, according to NOL’s Chief, as the industry grapples with concerns over rising fuel costs, overcapacity and ripple effects from the Japan disaster. Shipping veteran Ron Widdows, who helms the Singapore-based company, the world’s sixth-largest container shipping company, talks to CNBC’s Christine Tan.