ALBANY, N.Y.— The Port of Albany will receive $17 million in federal funding to pay for upgrades and an expansion allowing for greater shipment of large cargo. The New York Democrat says the money will allow the port to demolish and rebuild a warehouse, rebuild a shipping terminal and improve safety at the port, which he says is the busiest facility of its kind in... » Read More
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...
Rahul Kapoor, director at Drewry Financial Research, discusses the outlook for the shipping sector.
Richard Harris, chief executive of Port Shelter Investment Management, says China's move into the region is "clearly military" and "a geopolitical move."
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.
John Mullen, CEO of Asciano, explains why the Australian logistics firm accepted the takeover offer from Canada's Brookfield Infrastructure Partners.
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.
Congestion at 29 ports following a months-long labor dispute has reached "epic proportions," the Port of Long Beach CEO tells CNBC.
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.
A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.
A total shutdown of West Coast ports could cost the U.S. economy about $2 billion a day, Jay Timmons tells CNBC.
Discussing the impact the port delay on the West Coast is having on the industry, with Jon Slangerup, Long Beach Port CEO.
West Coast port shutdowns have pinched automakers, but the dispute has only minimally impacted vehicle tool maker Snap-On, the CEO told CNBC.
Labor Secretary Tom Perez will travel to San Francisco on Tuesday to meet with both sides in a dispute between shipping companies and dock workers.
Labor Secretary Tom Perez will travel to California to help broker a deal between shipping companies and dockworkers in the West Coast port fight.
Everyone agrees that the Los Angeles and Long Beach ports slowdown is bad, but it's hard to tell who's to blame.
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.