Archive Transportation: Leisure

  • 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...

  • SAN FRANCISCO, Sept 27- With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet of trucks from six to about 15 and is forging partnerships with...

  • LOS ANGELES, Sept 27- Major cargo shippers and the union representing dockworkers at 29 U.S. West Coast ports have agreed to talks on a possible extension of their current contract, which is set to expire in mid-2019, the two sides said in a joint statement on Tuesday. Negotiators for the Pacific Maritime Association and the International Longshore and Warehouse...

  • MONTREAL— Efforts to reach the world's first climate deal governing the aviation sector got under way at a conference in Montreal. Delegates to the U.N. International Civil Aviation Organization general assembly are being asked to approve, in two weeks, a program for the industry to become carbon neutral after 2020 and to halve net emissions by 2050 compared to...

  • MONTREAL, Sept 27- Fast-growing aviation powerhouse India is not ready to join the world's first climate deal to curb pollution from commercial flights because it fears that talks beginning on Tuesday may not lead to a fair agreement, its civil aviation minister said. The proposed landmark deal, backed by the United States and China, aims to limit rising airline...

  • ABUJA, Sept 26- The African Development Bank is looking to provide a total of $4.1 billion to Nigeria over 2016 and 2017, its president said on Monday, as Africa's biggest economy seeks to bridge its budget deficit and improve weak infrastructure. He was speaking after holding talks with the finance minister, Kemi Adeosun, and Vice President Yemi Osinbajo in the...

  • DUBAI, United Arab Emirates— Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East's busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed airport operator said Monday it plans to add 10 more A380 gates with air bridges at Dubai...

  • 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...

  • Transportation Secretary Anthony Foxx said Sunday that his counterparts in the Group of Seven nations welcomed U.S. guidelines on regulating self-driving cars and have agreed to work together on creating such standards to maintain safety. Foxx and other transportation officials from the G-7 met over the weekend in the Japanese resort town of Karuizawa.

  • NEW YORK— After a yearlong renovation, an iron-hulled sailing ship built in 1885 is returning to New York City's seaport district as the centerpiece of a museum that is making a comeback after having the wind knocked out of its sails after Superstorm Sandy. The Wavertree, one of the last large sailing ships made of wrought-iron and the largest still afloat, is...

  • DALLAS— Prosecutors say a North Texas man who helped smuggle what he thought was cocaine onto flights from Dallas-Fort Worth International Airport must serve nearly 16 years in prison. Moniteveti "Vince" Katoa was sentenced Thursday in Dallas. The packages were flown to Las Vegas, Phoenix, Chicago and San Francisco, plus Newark, New Jersey, and Wichita, Kansas.

  • SINGAPORE— Autonomous vehicle software startup nuTonomy has made rides on its self-driving taxis available to the general public in Singapore for free, expanding a first-in-the world run that was initially invitation-only. The Singapore trial was limited to a 2.5- square-mile business and residential district called "one north." NuTonomy, a spinoff from...

  • BERLIN, Sept 22- International airlines have requested antitrust immunity from the United States to allow them to discuss routes to Venezuela, which is blocking ticket revenues from leaving the country, the International Air Transport Association said on Thursday. Airlines have around $3.8 billion in revenues trapped in Venezuela due to currency controls.

  • SEOUL, South Korea— Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Korean Air and Hanjin Shipping are part of Hanjin Group, one of the largest business conglomerates in South Korea. The state-owned bank said its credit line will be used only when other available funds...

  • DUBAI, United Arab Emirates— Aviation giants Airbus and Boeing Co. have received permission from the U.S. government to sell aircraft to Iran, part of landmark deals potentially worth some $50 billion in total following last year's nuclear accord. The next administration, however, may change that equation for Airbus and Boeing, whose possible deal with Iran...

  • 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-...

  • BILLINGS, Mont.— The Latest on a legal settlement from damages caused by a 2011 Exxon Mobil Corp. pipeline spill into Montana's Yellowstone River:. Exxon Mobil has agreed to pay $12 million to settle damage claims over an oil pipeline break in the Yellowstone River, but it faces further potential fines for pollution violations. Exxon Mobil Corp. has agreed to pay...

  • DUBAI, United Arab Emirates— Airbus on Wednesday became the first airplane manufacturer to receive U.S. government permission to sell aircraft to Iran following last year's nuclear accord, getting final approval for a 17- plane sale that's part of a larger $25- billion deal. The next administration, however, may change that equation for Airbus and Chicago-...

  • SIMFEROPOL, Crimea/ MOSCOW, Sept 21- Products for sale in the Crimean stores of two European retailers are being shipped there from Russia via a ferry and port that are subject to EU sanctions, people involved in the transportation said, suggesting companies are finding ways around the punitive economic regime facing Moscow since 2014.. Products carrying the...