Transportation Infrastructure Marine Ports and Services

  • 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...

  • '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.

  • 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.

  • Surfers head out Snapper Rocks as Cyclone Marcia approaches the coast of Queensland on February 19, 2015 in Gold Coast, Australia.

    A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.

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

    A total shutdown of West Coast ports could cost the U.S. economy about $2 billion a day, Jay Timmons tells CNBC.

  • Ships gather off the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015.

    Discussing the impact the port delay on the West Coast is having on the industry, with Jon Slangerup, Long Beach Port CEO.

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

    West Coast port shutdowns have pinched automakers, but the dispute has only minimally impacted vehicle tool maker Snap-On, the CEO told CNBC.

  • Secretary of Labor Thomas Perez

    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.

  • Ships gather off the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015.

    Labor Secretary Tom Perez will travel to California to help broker a deal between shipping companies and dockworkers in the West Coast port fight.