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  • SINGAPORE, April 25- Falling Iraqi oil exports have eased a huge traffic jam of tankers waiting to load crude at the Iraqi port of Basra, with queuing times falling by about a third this month, shipping data showed. Iraq typically cuts Basra exports whenever there is a backlog of ships waiting to load. Delays to load Basra heavy crude have fallen to an average of 11-12...

  • JAKARTA, April 20- Authorities from at least two Indonesian coal ports have stopped allowing vessels to leave for the Philippines due to security concerns following a spate of ship hijackings in the southern Philippines, a government official said on Wednesday. Departure permits for the Philippines were no longer available for shipping vessels at the Port...

  • GWADAR, Pakistan, April 12- The newly expanded Gwadar deep-water port in Pakistan that is key to a planned $46 billion Chinese economic corridor is nearly complete and expects to process about a million tons of cargo next year, the operator said on Tuesday. Most of the cargo will be incoming construction materials to be used in projects related to the China...

  • ATHENS, April 8- Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation on Friday, while striking dockworkers protested against what will be the country's second major privatisation since late last year. The sale of Greece's biggest port had been halted by the leftist government of Alexis Tsipras when it won elections in January...

  • ATHENS, April 8- Greece is to sell its biggest port Piraeus Port Authority to shipping group China COSCO Shipping Corporation, marking the second major privatization for the country since late last year. The port sale had been halted by the leftist government of Alexis Tsipras when it won elections in January last year but it was resumed under Greece's 86...

  • MOSCOW, March 30- When Vladimir Putin announced the withdrawal of most of Russia's military contingent from Syria there was an expectation that the Yauza, a Russian naval icebreaker and one of the mission's main supply vessels, would return home to its Arctic Ocean port. Instead, three days after Putin's March 14 declaration, the Yauza, part of the "Syrian Express",...

  • MOSCOW, March 30- When Vladimir Putin announced the withdrawal of most of Russia's military contingent from Syria there was an expectation that the Yauza, a Russian naval icebreaker and one of the mission's main supply vessels, would return home to its Arctic Ocean port. Instead, three days after Putin's March 14 declaration, the Yauza, part of the "Syrian Express",...

  • SYDNEY, March 15- Australia's Qube Holdings Ltd said it has joined Canada's Brookfield Asset Management Inc and international partners to make a A $9.1 billion bid for ports and rail freight company Asciano Ltd.. The freight handler said in a statement on Tuesday it had terminated a previous stand-alone bid and replaced it with a joint offer with Brookfield...

  • SYDNEY, March 15- Shares of Australian port operator Qube Holdings Ltd and Asciano Ltd were suspended on Tuesday, after Qube said it would soon make a "significant" announcement about an acquisition following after a months-long bid against Canada's Brookfield Asset Management Inc to buy Asciano. But on Feb. 24 Qube said it wanted to end the bidding war with...

  • SYDNEY, March 10- Australia passed legislation on Thursday to enable the longterm lease of its largest shipping container terminal, the Port of Melbourne, freeing up privatisation plans to move ahead after months of political headwinds. Investors from China to Qatar are flocking to Australian infrastructure because it is seen as well-regulated and...

  • *Yemen depends on imports of food by sea. LONDON/ ABU DHABI, March 4- Banks have cut credit lines for traders shipping food to war-torn Yemen, where ports have been battlegrounds and the financial system is grinding to a halt, choking vital supplies to an impoverished country that could face famine. "Western international banks no longer feel comfortable...

  • LONDON, Feb 29- Oman aims to expand shipping and trade links with Iran and get ahead of rivals after the lifting of international sanctions on Tehran, leading port officials involved say. The United Arab Emirates previously enjoyed greater shipping activity with Iran but Oman's nearby Sohar port is looking at expanding ties. Oman could also benefit from a spat...

  • ISTANBUL, Feb 23- Kurdistan's oil exports to world markets are set to be suspended for a second week running, a shipping source said, a move that will deprive Iraq's semi-autonomous region of its main revenue stream as the security situation in southeast Turkey worsens. The pipeline to the Turkish port of Ceyhan from fields in Iraq's north, which carries around...

  • TOKYO, Feb 23- Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government, industry and government officials said. Japan has kept the oil trade with Iran going through a special government insurance programme that gives about $8...

  • *Brookfield to offer A $9.05 bln in cash vs Qube's A $9 bln. *Brookfield to bring on Qatar, Canada funds. Asciano, owner of Australia's largest rail freight network with ports in every state, on Tuesday formally dumped a stand-alone bid from Brookfield worth A $8.9 billion in favour of a A $9 billion offer from Australian port company Qube Holdings Ltd..

  • UNITED NATIONS, Feb 9- A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other means of obfuscation, according to a new report by United Nations monitors. The U.N. Security Council's Panel of Experts on North Korea, which monitors implementation of sanctions on Pyongyang,...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • ADDIS ABABA, Feb 2- China is expected to start work in Djibouti soon on a naval base, Djibouti's president told Reuters, defending Beijing's right to build what will be its first foreign military outpost on one of the world's busiest shipping routes. Strategically located at the southern entrance to the Red Sea on the route to the Suez Canal, Djibouti is already...

  • CHICAGO, Feb 1- Outer Harbor Terminal LLC filed for Chapter 11 bankruptcy protection on Monday, two weeks after terminating its lease held in a joint venture with Ports America. Last month, Ports America, one of the largest marine cargo operators in the country, said it was shifting its business from the Oakland port to other cities along the West Coast, including...

  • NEW YORK, Jan 29- Operations at New York and New Jersey's cargo terminals were being restored on Friday night after more than a thousand longshoremen walked off the job earlier in the day, shuttering one of the United State's busiest port networks, officials said. The work stoppage came as a surprise because "there were no major issues that we knew of to precipitate...