VANCOUVER, Oct 27- A container vessel that spent months sitting off Canada's west coast due to the collapse of a major South Korea shipping company is set to dock in Vancouver on Thursday, port and union officials said. The Hanjin Scarlet, with nearly 800 containers on board, has been sitting some 45 km outside of Prince Rupert for several months, said Peter Lahay, an...
Oct 24- Buckeye Partners LP, which operates pipelines and other transportation and storage assets for liquid petroleum products, said it bought a 50 percent stake in a marine terminal company for $1.15 billion. Buckeye Partners said on Monday that the other 50 percent in VTTI B.V. will continue to be held jointly by Vitol, the world's largest oil trader, and...
SAO PAULO, Oct 11- Brazil's northeastern poultry producers say they are not planning short-term purchases of U.S. corn, despite the government's recent decision to clear genetically modified varieties for import to ease tight supplies locally. Gulf ports and would benefit from cheaper freight costs than importing from Argentina. "We had already closed deals...
ABU DHABI, Sept 28- China's Cosco Shipping Ports will invest $400 million in building a container terminal in Abu Dhabi as the emirate aims to expand trade with the world's second largest economy, a senior company official said on Wednesday. The bulk of China's trade with the United Arab Emirates currently goes through Dubai, the regional hub, but Abu Dhabi is...
LOS ANGELES, Sept 27- Shipping companies and a powerful dockworkers union have agreed to discuss a possible extension to a contract reached last year, ending labor strife that disrupted U.S. West Coast ports and bogged down cargo trade with Asia for months. The International Longshore and Warehouse Union and the Pacific Maritime Association, which represents...
SHANGHAI, Sept 26- For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. If they don't, then I think they're lying, "he told Reuters from his ship during a 24 hour-long stop in Shanghai's port last Saturday. While hailed as engineering feats, these mega-ships are now being blamed for contributing to the overcapacity glut...
The funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving, an analyst said.
CNBC's Morgan Brennan reports the latest on the shipping crunch caused by Hanjin declaring bankruptcy.
CNBC's Morgan Brennan reports the latest on the supply chain disruptions caused by the Hanjin bankruptcy.
Analysts say the standstill could mean toys will be more scare in stores than past years.
A US judge grants the troubled shipping line an extension on bankruptcy protections.
The collapse of the South Korean shipping giant is rocking the global trade market.
CNBC's Jane Wells reports on the trade battle between U.S. West Coast ports and the expanded Panama Canal.
Fishermen are paying the price as Asia's superpowers vie for control of the resource-rich waters and islands of the East China Sea.
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,