Transportation Infrastructure Marine Ports and Services

  • We're a transitioning point to other destinations: Abu Dhabi Ports CEO

    CEO of Abu Dhabi Ports Mohamed Al Shamisi says he sees "solid growth" for the port, and it plays an "essential role" in trade coming in and out of the region.

  • ANKARA, Dec 6- Turkey will hold a tender for the construction of a 45- km shipping canal running parallel to the Bosphorus, President Tayyip Erdogan said on Thursday, despite a government freeze on new investments as it reins in spending. We will hold a tender for it in 2019 and start the process, "Erdogan told a meeting of his AK Party in Ankara. Earlier this year,...

  • BENGHAZI, Libya/ LONDON, Dec 2- Four Libyan oil export ports that were closed last week because of bad weather have reopened, a Libyan shipping source and port engineers said on Sunday. Tankers were docking at the eastern Ras Lanuf, Es Sider, Zueitina and Brega ports as well as the western Zawiya terminal linked to the El Sharara field, they said. On Friday state oil...

  • There's a big interest in Hyperloop

    Sultan Ahmed bin Sulayem, chairman of DP World and Virgin Hyperloop One, says the two companies have "synergy" because both businesses deal with speed.

  • HARGEYSA, Somalia, Oct 12- Dubai state-owned port operator DP World has launched a $101 million project to expand a port in the breakaway region of Somaliland. Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognised. The port in Berbera exports camels to the Middle East and imports...

  • BEIJING, Oct 9- A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter. The country previously held oil in storage at Dalian during the last round of sanctions in 2014 that was later sold...

  • Oct 2- Repairs to a dock at Venezuela's main oil export port will take at least another month to complete following a tanker collision more than a month ago, further restraining the OPEC member nation's crude exports, according to sources and shipping data. Jose port typically handles about 70 percent of Venezuela's total crude exports, which in September...

  • LOS ANGELES, Sept 27- The Port of San Diego said on Thursday that the FBI and Department of Homeland Security were investigating a ransomware attack that disrupted the port's information technology systems. "This is mainly an administrative issue and normal Port operations are continuing as usual," the Port of San Diego's Chief Executive Officer Randa...

  • Boat exports in trouble from retaliatory tariffs

    CNBC's Contessa Brewer reports on the boating industry and how retaliatory tariffs could increase the cost of yacht exports.

  • LONDON, Aug 15- Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades. To scoop up some that market, the British territory of Gibraltar is in the process of launching...

  • HOUSTON, July 20- Italy's imports of U.S. crude oil vaulted to a record in June after attacks by armed groups shuttered two major Libyan oil ports and cut off most deliveries from the OPEC country, a key supplier to Europe, according to Thomson Reuters trade flow data and shipping intelligence firm Kpler. Eight vessels left the U.S. Gulf Coast for Italy last month...

  • There's a limit to how much Keppel can divest: Analyst

    Singapore-based Keppel Corporation is trying to prop up earnings through divestment, but there's a limit to how much its can rely on that strategy, says Foo Zhiwei at UOB Kay Hian.

  • LONDON, July 18- A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas buyers. But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices, shipping rates, government...

  • LONDON, July 18- A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas buyers. But the young FSRU industry has been beset by more project delays than successes in the past 12 months as fluctuating energy prices, shipping rates, government...

  • President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent...

  • President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent...

  • President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent...

  • Rep. Dan Newhouse, R-Wash., picks apples on his farm. He wrote in April: 'When it comes to a trade war that exposes agriculture producers in Central Washington and elsewhere, farmers need a quick solution.'

    Washington state, home to corporate giants like Boeing and Amazon, also has a huge agriculture industry, and those farm workers will suffer in a trade war, says Gov. Jay Inslee.

  • Driving California's Highway 58

    CNBC analyzed the latest government data to measure every state’s roads, bridges, airports, rail networks, ports, water utilities, even the time it takes to commute to work. See which 10 are have the best infrastructure in the nation.

  • Shipping ports prepare for trade war impact

    Mario Cordero, Port of Long Beach executive director, discusses the trade war's potential impact on his port, which receives the most shipments from China.