Transportation Infrastructure Marine Ports and Services

  • Sept 8- Samsung Electronics Co Ltd on Thursday asked a U.S. judge to allow the South Korean company to pay cargo handlers to remove its goods from Hanjin Shipping Co Ltd's vessels stationed near U.S. ports after the world's seventh-largest container carrier filed for bankruptcy. "There's no earthly reason why these parties should not be permitted to cut their...

  • Sept 8- The collapse of Hanjin Shipping is expected to cause difficulties with port operations and shipping lines for 2 to 3 months, the U.S. Department of Agriculture said in a report published on Thursday.

  • HANJIN SHIPPING COLLAPSE EXPECTED TO CAUSE DIFFICULTIES FOR 2-3 MONTHS WITH PORT OPERATIONS, SHIPPING LINES- USDA.

  • Hanjin troubles to hit holiday shoppers

    Analysts say the standstill could mean toys will be more scare in stores than past years.

  • WASHINGTON, Sept 7- The Obama administration has sent Congress a plan to modernize the country's emergency oil reserve, a step that could set in motion a sale of about 8 million barrels from the stash later this year to help pay for the revamp, the Energy Department said on Wednesday. Under the $1.5- $2 billion revamp plan, three dedicated marine terminals would be...

  • KHOBAR, Saudi Arabia, Sept 7- State oil giant Saudi Aramco has extended bidding for dredging and reclamation work at its marine terminal in Ras al-Khair by almost one month, industry sources told Reuters on Wednesday. The project at the eastern Saudi port of Ras al-Khair will be operated by a joint venture between Aramco, the National Shipping Company of Saudi...

  • A US judge grants the troubled shipping line an extension on bankruptcy protections.

  • SAN FRANCISCO, Sept 6- Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries. Bankruptcy Judge John Sherwood approved a motion by the world's seventh largest...

  • SEOUL/ SINGAPORE, Sept 5- South Korea's Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from docking at ports in the wake of its collapse. As of Monday, 79 Hanjin ships including 61 container ships and 18 bulk carriers have been denied port access, according to South Korea's...

  • SEOUL, Sept 5- South Korea's Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from docking at ports in the wake of its collapse. As of Monday, 79 Hanjin ships including 61 container ships and 18 bulk carriers have been denied port access, according to South Korea's maritime...

  • *Hanjin shares to resume trading on Sept. 5. SEOUL/ SINGAPORE, Sept 2- Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the fate of cargo and spikes in freight costs. One vessel has also been seized by a creditor in...

  • A file photo of a Hanjin container ship.

    The collapse of the South Korean shipping giant is rocking the global trade market.

  • *About 10 Hanjin vessels effectively seized at China ports. SEOUL, Sept 1- Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives. "Unlike dry cargo, liner shipping is all about marketing and service...

  • *About 10 Hanjin vessels effectively seized at China ports. SEOUL, Sept 1- Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives. "Unlike dry cargo, liner shipping is all about marketing and service...

  • SEOUL, Sept 1- The collapse of South Korea's Hanjin Shipping Co Ltd sent ripples though global trade on Thursday, as the country's largest port turned away its ships and as some manufacturers scrambled for freight alternatives. Hanjin on Wednesday filed for court receivership after its banks decided to end financial support, and ports from China to Spain, the...

  • SEOUL, Aug 31- South Korea's Hanjin Shipping Co Ltd filed for court receivership on Wednesday after losing the support of its banks, setting the stage for its assets to be frozen as ports from China to Spain denied access to its vessels. Hanjin Shipping, South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze...

  • SEOUL, Aug 31- Hanjin Shipping Co Ltd said on Wednesday it would seek court receivership after losing the support of its banks, as ports from China to Spain denied access to its vessels and a rival eyed some of the South Korean container liner's assets. A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according...

  • DUBAI, Aug 18- DP World, one of the world's largest port operators, is delaying the expansion of Dubai's Jebel Ali port, its main facility, because of softer market conditions, the company said on Thursday. The company had announced in July 2015 that it would invest $1.6 billion in Terminal 4, which was to be completed by 2018. Jebel Ali handles shipments not only for...

  • DUBAI, Aug 18- DP World, one of the world's largest port operators, is delaying the expansion of Dubai's Jebel Ali port, its main facility, because of "softer market conditions," the company said on Thursday. The company had announced in July 2015 that it would invest $1.6 billion in Terminal 4, which was to be completed by 2018. Also on Thursday, DP World reported a 50...

  • ATHENS, Aug 5- China COSCO Shipping, which owns the world's fourth largest container fleet in terms of capacity, is expected to wrap up the purchase of a majority stake in Greece's largest port, Piraeus Port, next week, sources close to the matter said on Friday. Under a deal signed in April between COSCO and Greece's privatization agency, COSCO will buy 51 percent of...