Latest Port and harbor construction News

The logo for the China Development Bank is seen on a display at the China International Fair for Trade in Services (CIFTIS) in Beijing on Sept. 5, 2020. The former chairman of the main Chinese state bank behind Beijing's initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, a court announced. (AP Photo/Mark Schiefelbein)

Head of Chinese bank behind foreign building spree jailed

Jan. 8, 2021 9:01 AM EST

BEIJING (AP) — The former chairman of the main Chinese state bank behind Beijing's initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, a court announced. Hu Huaibang was sentenced Thursday after being convicted of taking 85.5...

FILE - In this Feb. 8, 2009 file photo, cranes off load containers at the Jebel Ali port terminal 2 in Dubai, United Arab Emirates. International port operator DP World signed a deal on Wednesday, Dec. 23,2020, to develop a new deep-water port in Senegal worth over $1 billion, the company announced, its biggest ever investment in Africa. (AP Photo/Kamran Jebreili, File)

DP World signs deal to develop $1 billion new Senegal port

Dec. 23, 2020 10:52 AM EST

DUBAI, United Arab Emirates (AP) — International port operator DP World signed a deal Wednesday to develop a new deep-water port in Senegal worth over $1 billion, the company announced, its biggest ever investment in Africa. DP World Dakar, a joint venture between the Dubai-based maritime firm and the...

FILE - In this July 13, 2007, file photo, workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma. A proposed gold and copper mine at the headwaters of the world's largest sockeye salmon fishery in Alaska would cause

Trump administration denies planned mine near Alaska fishery

Nov. 25, 2020 7:14 PM EST

ANCHORAGE, Alaka (AP) — The Trump administration on Wednesday effectively killed a contentious proposed mine in Alaska, a gold and copper prospect once envisioned to be nearly as deep as the Grand Canyon and could produce enough waste to fill an NFL stadium nearly 3,900 times — all near the...