19 Aug 2015
Saudi-led Coalition Bombs Yemen's Hodeidah Port
The Yemen's Red Sea port of Hodeida was seriously damaged and closed after the airstrikes of the Arab Coalition against Houthi, reports Reuters. Warplanes from a…
19 Aug 2015
Brookfield Acquires Australian Port and Railroad Operator for $8.6-billion
A group lead by Brookfield Infrastructure Partners, a global asset manager, had reached an agreement to buy the Australian port and railroad operator Asciano for about $8.8 billion in cash and stock, and that it was shopping for ports farther afield in a push to expand, reports NY Times. Brookfield says the acquisition of Patrick terminal will lay the foundation for a global container terminal presence, building on its facilities at Teesport, U.K., and the Port of Los Angeles.
