Infrastructure Transportation Infrastructure

  • 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...

  • A CRH high-speed train at the Xuchang East Railway Station that is part of China's domestic high-speed rail network.

    China is designing its next generation of trains that can carry passengers at a top speed of 500km/h, the SCMP reports.

  • ATHENS, Sept 22- China's biggest shipping company, COSCO Shipping, plans to ramp up container volume at Greece's biggest port in Piraeus by 35 percent by 2018, the port's new managing director, Fu Cheng Qiu, told Reuters on Thursday. COSCO Shipping, which owns the world's fourth-largest container shipping fleet, bought 51 percent of the port's operating company...

  • A Maersk Mc-Kinney Moller container ship.

    A.P. Møller-Mærsk announced on Thursday that the company would split into a transport business and a separate energy division.

  • BUENOS AIRES, Sept 21- Argentina will invest 22.2 billion pesos over the next three years to modernize the country's airports to increase passenger capacity and boost air cargo shipments, the country's transportation minister said on Wednesday. Argentina's rail capacity lags far behind rival agricultural powerhouses like Brazil and the United States,...

  • ATHENS, Sept 21- Greece on Wednesday ratified a 7 billion-euro plan to turn a derelict former airport into one of Europe's biggest coastal resorts, as agreed with international lenders as a condition of fresh bailout aid. One abandoned plan was to create a financial district similar to London's Canary Wharf. Backed by Chinese conglomerate Fosun, an Abu Dhabi-...

  • *13 ships waiting outside Busan port as capacity strained. SEOUL, Sept 21- The largest shareholder of Hanjin Shipping Ltd agreed on Wednesday to lend 60 billion won to help unload cargo that has been stranded since the world's seventh-largest container carrier collapsed late last month. A rehabilitation plan for Hanjin is "realistically impossible" if top...

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami has not been allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit port.

  • Sept 20- One of the two investors in Puerto Rico's largest airport is exploring selling a 50 percent stake in a joint venture that runs it under a lease agreement with the Caribbean island's government, people familiar with the matter said on Tuesday. The move comes as passenger traffic at the airport has proved resilient in the face of Puerto Rico's $70 billion...

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami is not being allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit...

  • A Gulfstream G650 private jet

    The startup that wants to make flying in a private jet affordable is partnering with one of the industry's largest jet-charter companies.

  • But China's "One Belt One Road" project, along with another initiative to create an "economic corridor" connecting it to Mongolia and Russia, has provided opportunities for Mongolia to kickstart new projects, including the expansion of the Trans-Mongolian railway and construction of a new route going east, said Yondon Manlaibayar, an adviser to Mongolia's...

  • ATHENS, Sept 15- Greece will launch a tender for the long-term lease of a major toll road by the end of September, a senior privatization agency official said on Thursday, to unlock the country's next tranche of bailout loans. Along with other reforms, Greece needs to sell rights to the 670 km Egnatia toll road for 35 years to pass a first progress review by the...

  • LIMA, Sept 15- A more than 3,000- mile-long railway proposed by China to bridge Atlantic and Pacific ports in South America would cost $60 billion, Peru said on Thursday, further dampening prospects of the project coming to fruition. Last year, China and Peru agreed to study the feasibility of the railway that would cross the Amazon and Andes to slash the cost of...

  • The A1 bridge between Cologne and Leverkusen in Germany no longer supports trucks weighing more than 3.5 tons.

    Roads and bridges in Germany — as in the United States – are slowly deteriorating from a lack of investment. Now the government is taking action.

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms...

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more of vessels are up for sale, ship brokers said on Wednesday, kicking off a fire sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms...

  • Sept 13- The bankruptcy of Korea's Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads. Terminal operators in the California ports of Long Beach and Oakland are not taking back empty containers. "If it's not fixed in the...

  • LIMA, Sept 13- Peru President Pedro Pablo Kuczynski said a transcontinental railway proposed by China to slash the costs of shipping Brazilian goods to Asia could be too expensive and environmentally harmful to build. Peru and China agreed to study the feasibility of a 5,300- kilometer railroad to link Brazil's Atlantic coast with a port on Peru's Pacific...

  • SAN FRANCISCO/ SEOUL, Sept 12 (Reuters)- A portion of the $14 billion in cargo trapped at sea by the bankruptcy of Hanjin Shipping Co Ltd began moving out of one California port on Monday, and a second ship received orders to head to dock, after the turmoil created by the South Korean company's collapse. Truckers began moving freight from the Hanjin Greece, one of...