Transportation Infrastructure Marine Ports and Services

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  • Pension funds such as the Canadian Pension Plan Investment Board and sovereign wealth funds such as China Investment Corp, the Abu Dhabi Investment Authority and the Kuwait Investment Authority have already invested in Australian assets and could be prominent players in the new government sales. "There's a massive amount of money looking for yield," said...

  • SINGAPORE, Jan 6- U.S. soybean futures edged lower on Wednesday, giving up some of last session's gains as forecasts of record exports from Brazil and a lack of demand for U.S. shipments weighed on the market. Brazil will likely export a record 57 million tonnes of soybeans in 2016, with new northern ports shipping most of the 4 million tonnes increase from last year,...

  • HAVANA, Jan 4- Virginia's port authority will become the first U.S. port operator to sign a cooperation agreement with its Cuban counterpart, in an effort to increase trade and establish direct service with Cuba, Virginia's governor said on Monday. "As Cuba and the United States normalize relationships, we'd like to see the Cuban companies establish Virginia as...

  • *China Merchants Group to acquire Sinotrans& CSC. The deal, reported by financial magazine Caixin in November, places China Merchants assets worth an estimated 624 billion yuan and Sinotrans& CSC assets worth about 109 billion under the same roof. China Merchants' business includes ports, shipping and financial services, while Sinotrans& CSC is involved in...

  • Houston- based pipeline group Enterprise Products Partners LP said in a statement it will provide pipeline and marine terminal services to load a 600,000- barrel cargo of domestic light crude oil scheduled for the first week of January. "We are excited to announce our first contract to export U.S. crude oil, which to our knowledge may be the first export cargo of...

  • ENTERPRISE PRODUCTS PARTNERS SAYS HAS AGREED TO PROVIDE PIPELINE, MARINE TERMINAL SERVICES TO LOAD FIRST EXPORT OF CRUDE OIL PRODUCED IN THE U.S.

  • RIO DE JANEIRO, Dec 7- The controlling shareholders of Brazilian port operator Prumo Logistica SA are planning to delist the company in a public offering that could be worth more than 800 million reais, according to a securities filing on Monday. Prumo's board also approved the appointment of José Magela Bernardes as interim chief executive following the...

  • WASHINGTON, Dec 7- The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the Southeast Asian country's opposition party after its landmark election win in November, U.S. officials said on Monday. To bolster Myanmar's transition to democracy after...

  • WASHINGTON, Dec 7- The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the country's opposition party after its landmark election win in November, U.S. officials said on Monday. The trade relief, coming after democracy champion Aung San Suu Kyi's...

  • 'Shipping industry has been trying for meaningful consolidation'

    Rahul Kapoor, director at Drewry Financial Research, discusses the outlook for the shipping sector.

  • What does that South China Sea mean to China?

    Richard Harris, chief executive of Port Shelter Investment Management, says China's move into the region is "clearly military" and "a geopolitical move."

  • Troubled shipping sector faces consolidation

    The size of the Neptune Orient Lines-CMA CGM deal will reflect the tough times in the shipping industry, notes Esben Poulsson, president of the Singapore Shipping Association.

  • There are great benefits to developing the Arctic's amazing wealth of resources, if done carefully, according to Iceland's president.

  • Nov 11- Irving Oil, the company seeking to become the gatekeeper for a new crude oil pipeline from western Canada to the Atlantic Ocean, has struggled to control air pollution at its existing marine terminal in Saint John, New Brunswick. The terminal handles fuels from the company's 300,000- barrel per-day Saint John oil refinery, Canada's largest, and is the...

  • CALGARY, Alberta, Nov 5 (Reuters)- TransCanada Corp scrapped plans to build a port in Quebec and said on Thursday it will have only one export terminal for its Energy East pipeline project. Calgary- based TransCanada had originally planned to build two ports for shipping crude overseas- one at the pipeline terminus in St John, New Brunswick, and the other in Cacouna,...

  • Asciano CEO: 'Brookfield is a perfect partner'

    John Mullen, CEO of Asciano, explains why the Australian logistics firm accepted the takeover offer from Canada's Brookfield Infrastructure Partners.

  • Firefighters walk past a damaged truck at the site of the explosions in Tianjin on August 15, 2015.

    The death toll from massive explosions in China's port of Tianjin has risen to 112 and 95 people are missing,

  • The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a citizen reporting program, U.S. authorities said.

  • A container ship is docked at the ports of Los Angeles and Long Beach, Calif., in this aerial photo taken Feb. 6, 2015.

    Congestion at 29 ports following a months-long labor dispute has reached "epic proportions," the Port of Long Beach CEO tells CNBC.

  • Container ships sit docked in a berth at the Port of Oakland on February 17, 2015 in Oakland, California.

    Shipping companies and terminal operators clinched a tentative deal with the dockworkers union, settling a labor dispute causing months of backups at 29 U.S. ports.