Norwegian warship at risk of sinking after collision with oil tanker

A Norwegian warship was heavily damaged in a collision with a Maltese oil tanker in the North Sea off the coast of Norway. According to Norwegian media reports Thursday, the frigate is in danger of sinking after sustaining heavy damage. The oil tanker is reportedly undamaged. According to the website Marine Traffic, the 62,000-ton oil tanker Sola is continuing its route from Norway to a terminal in northeast England. Reuters reported that the Equinor Sture oil shipment terminal, from where the o


A Norwegian warship was heavily damaged in a collision with a Maltese oil tanker in the North Sea off the coast of Norway. According to Norwegian media reports Thursday, the frigate is in danger of sinking after sustaining heavy damage. The oil tanker is reportedly undamaged. According to the website Marine Traffic, the 62,000-ton oil tanker Sola is continuing its route from Norway to a terminal in northeast England. Reuters reported that the Equinor Sture oil shipment terminal, from where the o
Norwegian warship at risk of sinking after collision with oil tanker Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: david reid, marit hommedal, afp, getty images
Keywords: news, cnbc, companies, reports, norwegian, terminal, damage, sinking, damaged, tanker, collision, media, oil, website, warship, risk


Norwegian warship at risk of sinking after collision with oil tanker

A Norwegian warship was heavily damaged in a collision with a Maltese oil tanker in the North Sea off the coast of Norway.

According to Norwegian media reports Thursday, the frigate is in danger of sinking after sustaining heavy damage. The oil tanker is reportedly undamaged.

Several reports confirmed that all 137 crew on the navy ship were evacuated but seven have been treated for minor injuries.

“The armed forces is now reviewing all the means available in the region to assist the KNM Helge Ingstad (the damaged warship),” Lieutenant Colonel Ivar Moen told AFP.

According to the website Marine Traffic, the 62,000-ton oil tanker Sola is continuing its route from Norway to a terminal in northeast England.

However, one separate media report said that despite suffering only superficial damage, the tanker is now at a standstill and waiting to be towed back into a Norwegian port.

Reuters reported that the Equinor Sture oil shipment terminal, from where the oil tanker left, has been closed as a precautionary measure.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: david reid, marit hommedal, afp, getty images
Keywords: news, cnbc, companies, reports, norwegian, terminal, damage, sinking, damaged, tanker, collision, media, oil, website, warship, risk


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Google reportedly plans to significantly expand its New York City presence

Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal. The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property. Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 squar


Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal. The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property. Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 squar
Google reportedly plans to significantly expand its New York City presence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: saheli roy choudhury, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, reportedly, wall, tech, york, street, office, expand, space, significantly, city, presence, st, plans, terminal, google


Google reportedly plans to significantly expand its New York City presence

Tech giant Google is planning to expand its office space in New York City, potentially allowing the company to significantly increase staffing in the city, according to a report from The Wall Street Journal.

People familiar with the matter told the Journal that Google is nearing a deal to buy or lease a planned 1.3 million-square-foot office building at St. John’s Terminal in Manhattan’s West Village neighborhood. When completed, that building would give the Alphabet unit space for more than 8,500 staff.

Google did not immediately respond to CNBC’s emailed request for comment.

The WSJ said that Google declined to comment on any talks about the St. John’s Terminal property.

Additionally, Google is also planning to expand its existing property at Chelsea Market by about 300,000 square feet, the Journal reported. That, along with its announced plans for 250,000 square feet of office space at Pier 57, could provide sufficient office space for more than 3,500 additional workers, the newspaper said.

The tech giant bought the Chelsea Market property earlier this year for about $2.4 billion.

Read The Wall Street Journal’s full report on Google expanding its office space in New York City here.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: saheli roy choudhury, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, reportedly, wall, tech, york, street, office, expand, space, significantly, city, presence, st, plans, terminal, google


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Cruise lines build up capacity despite global headwinds

To increase the capacity at ports, cruise lines have started to build out terminals. Royal Caribbean plans to bring new ships to Terminal A, and over time will lease it out to other cruise lines in the industry. Cruise analysts say that strong domestic demand is the underlying driver behind the forecast growth in the cruise industry. Royal Caribbean’s CEO Richard Fain is bullish on growing cruise bookings, but conceded that a number of challenges exist — including geopolitical and trade tensions


To increase the capacity at ports, cruise lines have started to build out terminals. Royal Caribbean plans to bring new ships to Terminal A, and over time will lease it out to other cruise lines in the industry. Cruise analysts say that strong domestic demand is the underlying driver behind the forecast growth in the cruise industry. Royal Caribbean’s CEO Richard Fain is bullish on growing cruise bookings, but conceded that a number of challenges exist — including geopolitical and trade tensions
Cruise lines build up capacity despite global headwinds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-04  Authors: seema mody, myloupe, universal images group, getty images
Keywords: news, cnbc, companies, despite, industry, headwinds, capacity, build, trading, travel, expected, global, told, tensions, trade, terminal, lines, consumers, cruise


Cruise lines build up capacity despite global headwinds

Seventeen cruise ships are expected to hit the market next year, with demand for cruises expected to rise.

To increase the capacity at ports, cruise lines have started to build out terminals. One of those, Royal Caribbean, invested $250 million in the launch of Terminal A at Port Miami, which went live on Sunday. Royal Caribbean plans to bring new ships to Terminal A, and over time will lease it out to other cruise lines in the industry.

The ship operator says with the new terminal, its bookings are expected to rise from 750,000, to 1.8 million over the course of the next year.

Meanwhile, Norwegian Cruises has also broken ground on a terminal at Port Miami, which is expected to be fully operational by February 2020.

Cruise analysts say that strong domestic demand is the underlying driver behind the forecast growth in the cruise industry. But a critical component over time will getting international passengers on board, they add. So far in 2018, all of the major cruise line stocks are trading down between 9 percent and 11 percent.

Royal Caribbean’s CEO Richard Fain is bullish on growing cruise bookings, but conceded that a number of challenges exist — including geopolitical and trade tensions.

“I’m a free trade advocate and anything that creates tensions about free trade…I view economically as a bad thing. But our business in China continues to do well,” Fain told CNBC at the launch of Terminal A.

Miami-Dade Mayor Carlos Gimenez recognized that trade tensions with major U.S. trading partners are a concern, but is hopeful that a deal will work out.

“We need to make investments to be ready,” said Gimenez to CNBC.

The new cruise terminal build-out comes as investors debate the future of the economy, and the impact of higher interest rates on consumers.

Patrick Scholes, managing director at Suntrust Robinson Humphrey who covers travel and cruise stocks, told CNBC that travel is an economically sensitive sector. Should an economic downturn does occur, then consumers will be less willing to spend their money on travel, and that includes cruises.

“A strong economy gives consumers the confidence to book travel in advance,” said Scholes.

The analyst is watching to see if cruise operators across the industry raise prices next year, as input costs related to fuel continue to rise. The risk is that over time, consumers may get priced out if ticket fares go up substantially.

Yet at this moment, Scholes said the industry is far away from that being a concern.


Company: cnbc, Activity: cnbc, Date: 2018-11-04  Authors: seema mody, myloupe, universal images group, getty images
Keywords: news, cnbc, companies, despite, industry, headwinds, capacity, build, trading, travel, expected, global, told, tensions, trade, terminal, lines, consumers, cruise


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Shell revives long-delayed plan to build Canada’s first LNG export terminal

Royal Dutch Shell is pushing forward a long-delayed liquefied natural gas export project in British Columbia, making it the first Canadian LNG terminal to get the financial green light. Shell’s decision on Tuesday to move forward the $14 billion LNG Canada project — the largest of its kind in years — signals confidence that global demand will rise quickly enough to sop up growing supplies of LNG. The company deferred approving LNG Canada in 2016 during a period of weak LNG prices. “We believe LN


Royal Dutch Shell is pushing forward a long-delayed liquefied natural gas export project in British Columbia, making it the first Canadian LNG terminal to get the financial green light. Shell’s decision on Tuesday to move forward the $14 billion LNG Canada project — the largest of its kind in years — signals confidence that global demand will rise quickly enough to sop up growing supplies of LNG. The company deferred approving LNG Canada in 2016 during a period of weak LNG prices. “We believe LN
Shell revives long-delayed plan to build Canada’s first LNG export terminal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-02  Authors: tom dichristopher, tomohiro ohsumi, bloomberg, getty images
Keywords: news, cnbc, companies, canada, canadas, build, lng, longdelayed, right, project, natural, demand, plan, shell, forward, terminal, gas, revives, export


Shell revives long-delayed plan to build Canada's first LNG export terminal

Royal Dutch Shell is pushing forward a long-delayed liquefied natural gas export project in British Columbia, making it the first Canadian LNG terminal to get the financial green light.

Shell’s decision on Tuesday to move forward the $14 billion LNG Canada project — the largest of its kind in years — signals confidence that global demand will rise quickly enough to sop up growing supplies of LNG. It also opens a new competitive front for the U.S. terminal developers lining up to take advantage of booming demand for natural gas super-chilled to liquid form, particularly in Asia.

The company deferred approving LNG Canada in 2016 during a period of weak LNG prices. Shell is now moving forward as prices strengthen and the Anglo-Dutch energy giant continues to stake its future on the growing role of natural gas in the world’s energy mix.

“We believe LNG Canada is the right project, in the right place, at the right time,” Shell CEO Ben van Beurden said in a statement.

“Global LNG demand is expected to double by 2035 compared with today, with much of this growth coming from Asia where gas displaces coal.”


Company: cnbc, Activity: cnbc, Date: 2018-10-02  Authors: tom dichristopher, tomohiro ohsumi, bloomberg, getty images
Keywords: news, cnbc, companies, canada, canadas, build, lng, longdelayed, right, project, natural, demand, plan, shell, forward, terminal, gas, revives, export


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Police chase shuts down runway at French airport

France’s Lyon airport halted flights on Monday when a driver being chased by police smashed his car through a terminal building and onto a runway. “Pursued by police, he smashed through Terminal 1 before reaching the runway area,” the government prefect’s office said in a statement. The car then hurtled across the runway zone before coming to a halt on rough terrain beside the tarmac. The motive of the driver, whose identity has not yet been made public, was not clear, the source said. Flights w


France’s Lyon airport halted flights on Monday when a driver being chased by police smashed his car through a terminal building and onto a runway. “Pursued by police, he smashed through Terminal 1 before reaching the runway area,” the government prefect’s office said in a statement. The car then hurtled across the runway zone before coming to a halt on rough terrain beside the tarmac. The motive of the driver, whose identity has not yet been made public, was not clear, the source said. Flights w
Police chase shuts down runway at French airport Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-10  Authors: jean decotte afp getty images
Keywords: news, cnbc, companies, tweeted, terrain, shuts, french, terminal, zone, wrong, runway, driver, airport, smashed, car, chase


Police chase shuts down runway at French airport

France’s Lyon airport halted flights on Monday when a driver being chased by police smashed his car through a terminal building and onto a runway.

More than a dozen police cars and a helicopter pursued the fugitive over a distance up the wrong side of a motorway before he broke through security barriers at the Lyon-Saint-Exupery international airport.

“Pursued by police, he smashed through Terminal 1 before reaching the runway area,” the government prefect’s office said in a statement.

The car then hurtled across the runway zone before coming to a halt on rough terrain beside the tarmac. The intruder sought to flee on foot but was tackled by officers and arrested.

The motive of the driver, whose identity has not yet been made public, was not clear, the source said.

Flights were grounded until further notice, the airport tweeted.


Company: cnbc, Activity: cnbc, Date: 2018-09-10  Authors: jean decotte afp getty images
Keywords: news, cnbc, companies, tweeted, terrain, shuts, french, terminal, zone, wrong, runway, driver, airport, smashed, car, chase


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Bill Gates: ‘Everyone can benefit’ from learning this skill

Bill Gates has been fixated on programming since age 13, when his school got its first computer terminal. “The machine was huge and slow, and it didn’t even have a screen,” he writes on his blog, Gates Notes. He spent as much time as he could learning about computers, hacking and coding. “That introduction to computer science changed the course of my life,” says the Microsoft co-founder. Today, half a century later, Gates still believes that “everyone can benefit from learning the basics of comp


Bill Gates has been fixated on programming since age 13, when his school got its first computer terminal. “The machine was huge and slow, and it didn’t even have a screen,” he writes on his blog, Gates Notes. He spent as much time as he could learning about computers, hacking and coding. “That introduction to computer science changed the course of my life,” says the Microsoft co-founder. Today, half a century later, Gates still believes that “everyone can benefit from learning the basics of comp
Bill Gates: ‘Everyone can benefit’ from learning this skill Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-06  Authors: kathleen elkins, adam galica, -alexis ohanian, co-founder of reddit, initialized capital
Keywords: news, cnbc, companies, life, skill, computer, gates, bill, writes, task, benefit, useful, learning, terminal, teaches, science


Bill Gates: 'Everyone can benefit' from learning this skill

Bill Gates has been fixated on programming since age 13, when his school got its first computer terminal. “The machine was huge and slow, and it didn’t even have a screen,” he writes on his blog, Gates Notes. “But I was hooked.”

He spent as much time as he could learning about computers, hacking and coding. “That introduction to computer science changed the course of my life,” says the Microsoft co-founder.

Today, half a century later, Gates still believes that “everyone can benefit from learning the basics of computer science. The questions it teaches you to ask — How do you accomplish a task? Can you find a pattern? What data do you need? — are useful no matter where you go in life.”


Company: cnbc, Activity: cnbc, Date: 2018-09-06  Authors: kathleen elkins, adam galica, -alexis ohanian, co-founder of reddit, initialized capital
Keywords: news, cnbc, companies, life, skill, computer, gates, bill, writes, task, benefit, useful, learning, terminal, teaches, science


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A push to modernize airports to fuel more shopping

This summer, while traveling from New York to Denver, Marc Stewart noticed that the Delta Air Lines terminal at La Guardia Airport felt unfamiliar. But there are other multibillion-dollar makeovers in the works at Los Angeles International Airport and in Chicago, at O’Hare International and Chicago Midway International airports. In Pittsburgh, where a $1.1 billion modernization plan was unveiled last fall, the terminal retail area is now open even to nontravelers. When Garrett opened its first l


This summer, while traveling from New York to Denver, Marc Stewart noticed that the Delta Air Lines terminal at La Guardia Airport felt unfamiliar. But there are other multibillion-dollar makeovers in the works at Los Angeles International Airport and in Chicago, at O’Hare International and Chicago Midway International airports. In Pittsburgh, where a $1.1 billion modernization plan was unveiled last fall, the terminal retail area is now open even to nontravelers. When Garrett opened its first l
A push to modernize airports to fuel more shopping Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-06  Authors: christine negroni, stephen speranza, the new york times
Keywords: news, cnbc, companies, la, guardia, modernize, shopping, traveler, airport, international, terminal, retail, mr, airports, york, push, fuel


A push to modernize airports to fuel more shopping

This summer, while traveling from New York to Denver, Marc Stewart noticed that the Delta Air Lines terminal at La Guardia Airport felt unfamiliar.

“Usually, I fly United, which means you are in the old concourse where there are not even enough bathrooms. So, I was pleasantly surprised when I walked into Delta’s terminal at La Guardia and saw some innovative options,” said Mr. Stewart, 45, a television journalist. “As soon as you go past security, you see a food setup that’s reminiscent of Whole Foods. There’s a food bar, snacks beyond potato chips. It is a completely different feeling.”

What Mr. Stewart encountered is going on all over the world. Airport operators are updating aging terminals and constructing new ones, wooing travelers with retail and dining options that encourage them to spend more money. And they are spending as much as 30 percent more at some airports, according to OTG, the airport concessionaire that worked with Delta on the remodeled terminal that Mr. Stewart visited.

More from The New York Times:

Some see Biden’s ‘third world’ description of La Guardia as too kind

Newark airport’s terminal C is a refuge from the cardboard pizza slice

Cynthia Nixon’s secret weapon: a running mate with star power of his own

When revenue from airport amenities goes up, the fees airlines pay to use an airport can go down, which in turn can attract more airlines to offer service to the region.

It is up to the airport “to be attractive to the customers: both the airline and the traveler,” said Angela Gittens, director general of Airports Council International, a trade group. By providing more services and better shopping, an airport can “keep their aeronautical charges down and entice airlines,” she said.

When it comes to commercial real estate, airports offer the two biggest factors linked to retail success: location and foot traffic. The average time a traveler waits at the airport is more than two hours, according to an article published by the International Council of Shopping Centers.

Recognizing this, airports large and small are redesigning their buildings and changing the products and services on offer, following the example set over the past two decades by airports in emerging markets.

Airports in Hong Kong, Beijing and Doha, Qatar, reset the standard with dazzling architecture, capacious restrooms, comfortable seating at the boarding gates and plenty of power outlets throughout the terminals. Skytrax, an aviation-ranking site based in Britain, has given Singapore’s Changi Airport the award for best airport six years running in part for its butterfly garden, movie theater, pool and two hotels. Its latest upgrade is the Changi Jewel, a 10-story hotel and entertainment complex, which opens to travelers next year.

“Our airports cannot compare in their present state to the major international airports in Europe or Asia,” said Rick Cotton, executive director of the Port Authority of New York and New Jersey, which runs Kennedy International Airport, Newark Liberty International Airport and New York Stewart International Airport in addition to La Guardia. “This country has allowed its infrastructure and its airports in particular to fall far below the global standard.”

In a 2014 speech now famous among airport executives, Joseph R. Biden Jr., then the vice president, suggested that La Guardia was like a “third world” airport. One year later, Gov. Andrew M. Cuomo of New York announced plans to direct $20 billion in redevelopment money to the area’s three largest airports.

When the overhaul of La Guardia’s Terminal B is complete, travelers will be able to see from the escalator “the dynamic environment of a commercial district, with a spa, food, well-curated retail and dining options,” according to Ed Baklor, chief commercial officer for La Guardia Gateway Partners, the private company working on the project with the Port Authority.

The project is the nation’s largest airport renovation program, Mr. Cotton said. But there are other multibillion-dollar makeovers in the works at Los Angeles International Airport and in Chicago, at O’Hare International and Chicago Midway International airports. The airports in Kansas City and Seattle are also revamping their passenger terminals.

In Pittsburgh, where a $1.1 billion modernization plan was unveiled last fall, the terminal retail area is now open even to nontravelers. It’s a return to the airport’s status as a shopping center for area residents, a distinction that was cut short by post-9/11 security measures.

“We did this because this community is very invested in its airport,” said Christina Cassotis, chief executive of the Allegheny County Airport Authority. “They’re proud of it; they miss going to it to see planes take off and to go to shop.”

The airport authority is overhauling the once-booming hub for US Airways at the Pittsburgh airport because its merger with American Airlines in 2015 led it to substantially cut its operations there.

When Midway airport on Chicago’s southside embarked on its $400 million modernization program in 2015, its retail facilities had been unchanged for two decades. In the redesigned Midway, the number of vendors will increase 40 percent and many will be local businesses, including Garrett Popcorn Shops, a chain whose downtown Chicago stores are so popular it is not unusual for lines to form down the street.

When Garrett opened its first location outside of the city in 2008, it was at O’Hare Airport’s Terminal 1, said Megan Chody, Garrett’s director of community relations. And though Ms. Chody would not discuss sales figures, the company quickly added a second location in O’Hare’s Terminal 3.

“I’ll make a wager that some people who want the Garrett’s experience may choose O’Hare as a stopover as opposed to some other city,” Ms. Chody said.

Airports executives say they are viewing commercial space with new enthusiasm for the dual role it can play: generating greater sales and attracting more travelers.

Travelers do look for information about airport specifics before buying airline tickets, research from Airports Council International shows.

Teresa Lensch, a real estate agent, learned that some airports are better than others while changing planes at Incheon International Airport in Seoul.

“I love the fact they have massage chairs and movie theaters and you could see groups of entertainers perform plays and mini museums,” said Ms. Lensch, 45. “No matter what time it was, there was something you could eat and have a cocktail if you wanted to. I was thrilled and very surprised by that.”

Other factors also affect the passenger experience, including parking, mass transit connections and car rental facilities outside the building and the security checkpoint on the way to the boarding gate.

“There are a lot of facilities that haven’t been changed in 50 to 60 years,” when airplanes were smaller and airports not as busy, said Curt W. Fentress, an architect who worked on a number of airports, including Seoul’s Incheon, the Tom Bradley International Terminal at Los Angeles International Airport and Denver International Airport. Airports are “not that easy a place to navigate unless you are used to using it,” he said.

Investors in airport retail say that has to change because there is a direct correlation between reducing stress and the amount that passengers spend, Mr. Baklor said.

But at a time when technology is intended to make many things easier, a growing number of companies at the airport serve narrow slices of information to the traveler in dozens of individual apps, which can make travel more complicated. Travelers can get frustrated not knowing which app to use to find an airport map, or what nearby restaurant offers vegetarian fare.

“It’s a land grab,” said Robin Hopper, president of GuestLogix, a travel revenue technology company. “If you are a traveler that relies on your phone and you want that digital concierge experience, you’d have to download nine or 10 apps.”

If the goal is to create a traveler so relaxed there is time and interest in lingering at an airport shop or cafe, easing the information overload is another challenge the modern airport faces.

“Airports are furthest along in innovative thinking. They realize they have to play nice with other apps,” Mr. Hopper said. “The whole traveler experience is not defined by time in the airport but defined by the overall experience.”


Company: cnbc, Activity: cnbc, Date: 2018-09-06  Authors: christine negroni, stephen speranza, the new york times
Keywords: news, cnbc, companies, la, guardia, modernize, shopping, traveler, airport, international, terminal, retail, mr, airports, york, push, fuel


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London court rules DP World Djibouti contract ‘valid and binding’: Dubai government

Dubai’s government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World’s port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Dubai government-controlled DP World has called the seizure illegal. A DP World spokesman referred to the Dubai government statement when contacted by Reuters for comment. In 2017, the L


Dubai’s government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World’s port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Dubai government-controlled DP World has called the seizure illegal. A DP World spokesman referred to the Dubai government statement when contacted by Reuters for comment. In 2017, the L
London court rules DP World Djibouti contract ‘valid and binding’: Dubai government Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-02  Authors: simon dawson, bloomberg, getty images restrictions
Keywords: news, cnbc, companies, dp, terminal, binding, lcia, valid, court, djibouti, contract, ruled, rules, container, statement, london, ruling, worlds, dubai, world


London court rules DP World Djibouti contract 'valid and binding': Dubai government

Dubai’s government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World’s port container terminal contract in Djibouti was valid and binding.

The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Dubai government-controlled DP World has called the seizure illegal.

“The LCIA Tribunal has ruled that Doraleh Container Terminal’s Concession Agreement ‘remains valid and binding …'” Dubai’s government media office said in a statement, which did not state when the ruling was made. “DP World will now reflect on the ruling and review its options.”

A DP World spokesman referred to the Dubai government statement when contacted by Reuters for comment.

Djibouti officials could not be immediately reached for a comment.

Djibouti Ports and Free Zone Authority (DPFZA) said in March it was willing to buy out DP World’s 33 percent stake in the container terminal to end the row with one of the world’s largest port operators. DP World denied that such an offer had been made.

In 2017, the LCIA cleared DP World of allegations of misconduct associated with the terminal concession awarded in 2000.


Company: cnbc, Activity: cnbc, Date: 2018-08-02  Authors: simon dawson, bloomberg, getty images restrictions
Keywords: news, cnbc, companies, dp, terminal, binding, lcia, valid, court, djibouti, contract, ruled, rules, container, statement, london, ruling, worlds, dubai, world


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DP World CEO: All options open following Djibouti port court ruling

DP World’s chairman and CEO has told CNBC that he is looking at all options after a ruling by the London Court of International Arbitration (LCIA) found that its operating contract for a port container terminal in Djibouti was “valid and binding.” The Djibouti government wrested control of the Doraleh Container Terminal from the Dubai-based firm in February. Djibouti officials have long wanted to renegotiate the terms for the port’s operating contract that DP World has held since 2006. Sultan Ah


DP World’s chairman and CEO has told CNBC that he is looking at all options after a ruling by the London Court of International Arbitration (LCIA) found that its operating contract for a port container terminal in Djibouti was “valid and binding.” The Djibouti government wrested control of the Doraleh Container Terminal from the Dubai-based firm in February. Djibouti officials have long wanted to renegotiate the terms for the port’s operating contract that DP World has held since 2006. Sultan Ah
DP World CEO: All options open following Djibouti port court ruling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-02  Authors: david reid
Keywords: news, cnbc, companies, operating, options, port, ruling, court, open, djibouti, told, terminal, legal, sulayem, following, dp, world, ceo


DP World CEO: All options open following Djibouti port court ruling

DP World’s chairman and CEO has told CNBC that he is looking at all options after a ruling by the London Court of International Arbitration (LCIA) found that its operating contract for a port container terminal in Djibouti was “valid and binding.”

The Djibouti government wrested control of the Doraleh Container Terminal from the Dubai-based firm in February. Djibouti officials have long wanted to renegotiate the terms for the port’s operating contract that DP World has held since 2006.

Sultan Ahmed Bin Sulayem, DP World chairman & CEO, told CNBC’s Willem Marx that the LCIA’s ruling was expected.

“What they (Djibouti government) did was illegal and we needed just the legal authority to say that,” he said over the phone on Thursday.

Bin Sulayem said the legal ruling meant that all options are open to his company and he would now meet with advisers before proceeding with steps to reach compensation.


Company: cnbc, Activity: cnbc, Date: 2018-08-02  Authors: david reid
Keywords: news, cnbc, companies, operating, options, port, ruling, court, open, djibouti, told, terminal, legal, sulayem, following, dp, world, ceo


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Airports find a new source of revenue: Attaching hotels to terminals

Recently, Twin Cities officially cut the ribbon on a new four-star hotel at the Minneapolis-St. Paul International Airport (MSP). In the next few years, travelers can look forward to checking into on-site hotels at more airports—joining the growing number of major hubs already offering luxe-like accommodations. Some of these include Houston’s George Bush Intercontinental Airport (a Marriott), Boston Logan International Airport (a Hilton), Philadelphia International Airport (a Marriott), and Chic


Recently, Twin Cities officially cut the ribbon on a new four-star hotel at the Minneapolis-St. Paul International Airport (MSP). In the next few years, travelers can look forward to checking into on-site hotels at more airports—joining the growing number of major hubs already offering luxe-like accommodations. Some of these include Houston’s George Bush Intercontinental Airport (a Marriott), Boston Logan International Airport (a Hilton), Philadelphia International Airport (a Marriott), and Chic
Airports find a new source of revenue: Attaching hotels to terminals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-02  Authors: harriet baskas, source, intercontinental msp airport hotel, miami international airport, orlando international airport, photo, max touhey
Keywords: news, cnbc, companies, attaching, hotels, westin, terminals, source, traveler, onsite, terminal, travelers, airport, international, revenue, hotel, access, airports


Airports find a new source of revenue: Attaching hotels to terminals

Recently, Twin Cities officially cut the ribbon on a new four-star hotel at the Minneapolis-St. Paul International Airport (MSP). It gives travelers new accommodations that let them skip a hectic commute to a hotel, and go straight to a comfortable bed with all the perks.

Designed with the corporate traveler in mind, the 12-story, 300 room InterContinental Minneapolis-St. Paul Airport Hotel is connected to Terminal 1 via a sky bridge and has a spa, conference center and its own security checkpoint, offering quick access to the gates for those flying with just hand baggage.

“At-the-airport hotels are particularly convenient to the business traveler who stays only a few days – a demographic in abundance at MSP,” said airport spokeswoman Melissa Scovronski,

MSP’s hotel is a public-private partnership, and is just the latest example of airports recognizing that on-site hotels are a revenue generator that can give an airport a competitive edge, as well as travel convenience for flyers.

In the next few years, travelers can look forward to checking into on-site hotels at more airports—joining the growing number of major hubs already offering luxe-like accommodations. Some of these include Houston’s George Bush Intercontinental Airport (a Marriott), Boston Logan International Airport (a Hilton), Philadelphia International Airport (a Marriott), and Chicago O’Hare.

In 2015, Denver International Airport opened the doors to the 519-room Westin Denver International Airport hotel and conference center, on the plaza adjacent to the Jeppesen Terminal. In addition to on-site dining and an indoor pool and fitness area, the hotel has an extensive art collection and commuter rail access to the city.

At Dallas/Fort Worth International Airport there are two hotels directly accessible from the terminals: A Hyatt Regency DFW at Terminal C and a Grand Hyatt DFW inside Terminal D. It has an outdoor rooftop pool overlooking the runways, multi-dining options and a Terminal Re-Entry program that gives guests access to the amenities inside the terminals.

Meanwhile, the Wayne County Airport Authority recently partnered with Starwood Hotels and Resorts to give the Westin Detroit Metropolitan Airport Hotel , attached to the McNamara Terminal at Detroit Metropolitan Airport, a $15 million makeover.


Company: cnbc, Activity: cnbc, Date: 2018-08-02  Authors: harriet baskas, source, intercontinental msp airport hotel, miami international airport, orlando international airport, photo, max touhey
Keywords: news, cnbc, companies, attaching, hotels, westin, terminals, source, traveler, onsite, terminal, travelers, airport, international, revenue, hotel, access, airports


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