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Infrastructure Transportation Infrastructure

  • SAO PAULO, Oct 5- VTB Capital, the investment banking arm of Russia's second largest bank VTB, has signed a confidentiality agreement to negotiate rights to operate the airport in the Brazilian city of Campinas, Folha de S.Paulo newspaper reported on Thursday. VTB Capital is part of state-run VTB Group in Russia and has a stake in a consortium that operates an...

  • CAPE TOWN, Oct 4- South Africa's state-owned freight logistics group Transnet will invest an additional 84 billion rand over the next three years to increase capacity at ports and railway lines, the Department of Public Enterprises said on Wednesday.

  • MADRID, Sept 28- Major airlines around the world were briefly hit by computer problems on Thursday morning, causing some minor delays at airports, due to a problem with a system from Spanish travel technology firm Amadeus. At 1330 GMT, Amadeus shares were down 1.2 percent at 54.12 euros, after earlier dipping to 53.57 euros. Frankfurt airport operator Fraport said...

  • MADRID, Sept 28- Major airlines around the world were briefly hit by computer problems on Thursday morning, causing some minor delays at airports, due to a problem with a system from Spanish travel technology firm Amadeus. Frankfurt airport operator Fraport said on Twitter that Germany's largest carrier Lufthansa and partner airlines had been hit by a problem...

  • LONDON, Sept 28- Maritime services company Fujairah National Shipping is stepping up investments in the emirate, aiming to benefit from expanding Gulf shipping trade despite tensions in the region and the diplomatic crisis with Qatar, its chief executive said. Fujairah, on the United Arab Emirates' east coast, is the country's only multi-purpose port outside...

  • WASHINGTON, Sept 26- The Trump administration on Tuesday said there was no need to waive shipping restrictions to help get fuel and supplies to storm-ravaged Puerto Rico, because it would do nothing to address the island's main impediment to shipping, damaged ports. Representative Nydia Velázquez and seven other representatives asked Elaine Duke, acting...

  • WASHINGTON, Sept 26- The Trump administration on Tuesday said there was no need to waive shipping restrictions to help get fuel and supplies to storm-ravaged Puerto Rico, because it would do nothing to address the island's main impediment to shipping, damaged ports. Representative Nydia Velázquez and seven other representatives asked Elaine Duke, acting...

  • WASHINGTON, Sept 26- The Trump administration on Tuesday denied a request to waive shipping restrictions to help get fuel and supplies to storm-ravaged Puerto Rico, saying it would do nothing to address the island's main impediment to shipping, damaged ports. Representative Nydia Velázquez and seven other representatives asked Elaine Duke, acting head of...

  • WASHINGTON, Sept 26- The Trump administration on Tuesday denied a request to waive shipping restrictions to help get fuel and supplies to storm-ravaged Puerto Rico, saying it would do nothing to address the island's main impediment to shipping, damaged ports. Representative Nydia Velázquez and seven other representatives asked Elaine Duke, acting head of...

  • Hurricane Irma seriously damaged 65 percent of all homes in the Florida Keys, said FEMA. Pictured, Marathon Key.

    Many predict climate change will lead to wilder weather, presenting opportunity in the disaster-recovery sector.

  • Sept 26- Dubai International Airport, the world's busiest for international traffic, recorded its busiest month ever in August for passenger traffic, which the operator said was boosted by a seasonal increase in travellers. The most popular destinations by passenger volume were London, Kuwait, and Mumbai, and the airport handled 221,508 tonnes of cargo, which...

  • Energy Secretary Rick Perry asked an oil industry advisory council on Monday to help find ways for oil drillers to exploit technology that captures carbon emissions from coal-fired power plants, by injecting the carbon dioxide into the ground to help drill for oil. "Integrating technology and deploying CCUS at scale still remains a commercial challenge,"...

  • Energy Secretary Rick Perry on Monday asked an oil industry advisory council to help find ways for oil drillers to exploit technology that captures carbon emissions from coal-fired power plants, by injecting the carbon dioxide into the ground to help drill for oil. "Integrating technology and deploying CCUS at scale still remains a commercial challenge,"...

  • Please note that the media slug for stories about stranded passengers at the main airport in Puerto Rico has been changed to STORM-MARIA/AIRPORT from STORM-MARIA/.

  • Big companies now becoming like mini-sovereigns: Sherpa Capital's Shervin Capital

    Shervin Pishevar, Sherpa Capital co-founder and Hyperloop One co-founder, discusses the theory some companies have grown so huge that private companies are now doing what nations used to do.

  • Shervin Pishevar, Sherpa Capital co-founder and Hyperloop One co-founder, talks about the company's latest round of funding as it continues to build out its transportation system.

  • FedEx joins a string of companies that reported big drops in earnings because of the NotPetya virus, which hit on June 29, crippling Ukraine businesses before spreading worldwide to shut down shipping ports, factories and corporate offices. While the Memphis- based company has made progress restoring operations at TNT Express, which it acquired last year for...

  • FedEx joins a string of companies that reported big drops in earnings because of the NotPetya virus, which hit on June 29, crippling Ukraine businesses before spreading worldwide to shut down shipping ports, factories and corporate offices. While the Memphis- based company has made progress restoring operations at TNT Express, which it acquired last year for...

  • BRASILIA, Sept 15- Brazil's government has approved a plan by American Airlines Group Inc to build a maintenance center at Sao Paulo's Guarulhos airport, a $100 million investment that will help the U.S. carrier consolidate its South American operations. Reuters first reported in March that the U.S. airline planned to set up its first aircraft maintenance...

  • 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...