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Transportation Infrastructure Marine Ports and Services

  • DUBAI, United Arab Emirates— One of the world's largest port operators, DP World, says it will not be renewing its contract in Indonesia after failing to agree on renewal terms with the government. The Dubai government-backed port operator is a 49% shareholder in Indonesia's PT Terminal Petikemas Surabaya, located on the northern shore of Java island, with the...

  • NEW YORK, Sept 15- While crude deliveries by larger ships to Beaumont in Texas remain restricted after Hurricane Harvey, a workaround using pipelines can supply Exxon Mobil's refinery there, shipping sources said. Exxon, however, tends to export refined products direct from the Beaumont port dock, said Brian Hass, operations manager for shipping broker Host...

  • NEW YORK, Sept 15- While crude deliveries by larger ships to Beaumont in Texas remain restricted after Hurricane Harvey, a workaround using pipelines can supply Exxon Mobil's refinery there, shipping sources said. The Beaumont port is the furthest inland port on the Sabine Neches, a long curving waterway that empties into the Gulf of Mexico.

  • LONDON, Sept 15- Hong Kong's port expects a slight rise in container shipping volumes this year despite continuing global turmoil in the sector. Hong Kong's Secretary for Transport and Housing, Frank Chan Fan, said container throughput was expected to increase slightly this year from 19.8 million TEUs in 2016 and 20 million TEUs in 2015.. Hong Kong's shipping...

  • Port of Savannah to cease operations at the end of the day

    CNBC's Diana Olick reports from Savannah, Georgia on how the state is preparing for Hurricane Irma.

  • Port of Palm Beach closed to incoming vessels

    Manuel Almira, Port of Palm Beach executive director, discusses the closure of the port, which is the fourth biggest in the state of Florida.

  • 'Closure' name of the game for ports in Florida

    CNBC's Jackie DeAngelis takes a look at how Florida's ports are preparing for the impact of Hurricane Irma.

  • HOUSTON, Sept 6- Buckeye Partners has shut its Yabucoa oil terminal in Puerto Rico ahead of Hurricane Irma and is preparing for the storm at two other marine terminals in Florida and the Bahamas, the company said on Wednesday. The Yabucoa terminal can store up to 4.6 million barrels of crude and refined products. It also has two docks and one deep water berth.

  • HOUSTON, Sept 4- Texas on Monday edged toward recovery from the devastation of Hurricane Harvey as shipping channels, oil pipelines and refineries restarted some operations and authorities lifted an evacuation order for the area around a once-burning chemical plant. Port operations across the U.S. Gulf Coast oil and gas hub were resuming, although many still...

  • HOUSTON, Sept 4- Texas on Monday edged toward recovery from the devastation of Hurricane Harvey as shipping channels, oil pipelines and refineries restarted some operations and authorities lifted an evacuation order for the area around a once-burning chemical plant. Port operations across the U.S. Gulf Coast oil and gas hub were resuming, although many still...

  • Port operations across the U.S. Gulf Coast oil and gas hub were resuming, although many still had restrictions on vessel draft, according to U.S. Coast Guard updates. Harvey dumped as much as 50 inches of rain over Texas and Louisiana, forcing officials to close or restrict operations at ports from Corpus Christi, Texas, to Lake Charles, Louisiana.

  • Port operations across the U.S. Gulf Coast oil and gas hub were resuming, although many still had restrictions on vessel draft, according to U.S. Coast Guard updates. The storm dumped as much as 50 inches of rainfall over Texas and Louisiana, forcing officials to close or restrict operations at ports from Corpus Christi to Lake Charles, Louisiana.

  • Some freight was starting to move in the Houston area, No. 1 U.S. railroad Union Pacific said, but it is still holding back shipments destined for Brownsville and 36 rail stations in the Beaumont and Orange areas, including Port Arthur, all in Texas. Workers completed repairs on some rail infrastructure to the north and south of Houston, but many routes in southern...

  • NEW YORK, Aug 26- U.S. terminal operator Buckeye Partners LP said on Saturday there was minor flooding at its facility in Corpus Christi, Texas, in the wake of Tropical Storm Harvey. The company began a full plant shutdown at its Corpus Christi facility on Friday and suspended all marine terminal operations. The firm operates the Buckeye Texas Processing, which...

  • HOUSTON, Aug 26- Magellan Midstream Partners LP said on Saturday it had limited operations at its Galena Park marine terminal near Houston due to Tropical Storm Harvey. The U.S. Coast Guard has also suspended inbound and outbound barge and ship traffic from the terminal due to the storm. Galena Park had the most gasoline loadings to Mexico of any U.S. terminal last...

  • Port of Houston closed due to Harvey

    Roger Guenther, executive director of the Port of Houston, discusses the impact of Hurricane Harvey in the Port of Houston region.

  • *Dana Gas supports Abu Dhabi. *Egypt's Orascom Construction drops on net profit decline. DUBAI, Aug 24- Most stock markets in the Middle East declined on Thursday as local retail investors booked profits and institutional investors stayed on the sidelines, while Dubai port operator DP World underperformed because of uninspiring interim earnings.

  • LIMA, Aug 16- Peru declared a 30- day state of emergency in a remote Andean region to end a protest by residents who have blocked a road used by miner MMG Ltd to move its copper concentrate to port for shipping, the government said on Wednesday. Residents in the area have refused to allow trucks from the Las Bambas mine transit a local road unless MMG or the government...

  • LIMA, Aug 16- Peru declared a 30- day state of emergency in a remote Andean region to end a protest by residents who have blocked a road used by miner MMG Ltd to move its copper concentrate to port for shipping, the government said on Wednesday. Residents in the area have refused to allow trucks from the Las Bambas mine transit a local road unless MMG or the government...

  • BOGOTA, Aug 14- Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados S.A., called Compas, moves principally coal and cement through its ports in the Andean country.