Americas
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Sanctions against IRISL come into effect
The Trump administration yesterday imposed sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary E-Sail Shipping…
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Brazilian mine closure dampens surging cape sentiment
Late Friday, a Brazilian judge ordered the closure of Vale’s Itabira mine complex in the state of Minas Gerais. According…
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Petrobras extends BW Offshore FPSO
BW Offshore has been awarded a 120-day extension by Petrobras for FPSO , taking the contract through to October 9.…
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Explosion onboard Hoegh car carrier injures local firefighters at Jacksonville
A fire erupted onboard the 4,900 ceu car carrier at Port of Jacksonville on Thursday. According to the Jacksonville Fire…
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Seacor Marine buys out Cosco stake in PSV joint venture
Houston-headquartered OSV owner Seacor Marine Holdings has sealed an agreement with Cosco Shipping Group to acquire the Chinese company’s 50%…
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Ridgebury quits the VLCC trades
Bob Burke-led Ridgebury Tankers has exited the VLCC trades with multiple broking houses reporting the sale of the company’s last…
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US blacklists four Greek tankers for involvement in oil trade with Venezuela
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has blacklisted four single vessel companies for alleged…
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Ebbesen brings back the Sokana brand
Lars Ebbesen has resuscitated the Sokana brand, marking the third incarnation of this famous name in chartering, which the Dane…
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Bahamas Petroleum contracts Stena drillship for Perseverance well
Bahamas Petroleum Company has signed a definitive contract with Stena Drilling so provide a drillship for its Perseverance #1 well,…
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Offshore decommissioning sector set for huge growth
As was the case just a few years ago, the offshore decommissioning sector stands out as the offshore sector set…
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Oceaneering awarded major contract in the Middle East
Houston-based marine engineering firm Oceaneering has been awarded a major asset integrity contract from a Dubai-based operator. The contract includes…
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Panama positions itself as a lay-up centre for the western hemisphere
Panama is positioning itself as a competitive place to lay up ships. The country, home to the world’s largest registry, is…
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McDermott awarded offshore engineering contract in the Middle East
Houston-headquartered McDermott International has been awarded a contract in the Middle East to carry out front-end engineering and design work…
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Trump administration cracks down on ‘deceptive’ shipping practices used by North Korea, Iran and Syria
The Trump administration is cracking down on shipping’s links with entities from Iran, North Korea, and Syria, three countries on…
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Hornbeck Offshore reorganisation under chapter 11 moves a step closer
Having secured support from lenders and noteholders last month for a prepackaged chapter 11, Hornbeck Offshore Services has launched a…
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Riverbank collapse hinders grain exports from Argentina
A bank has collapsed along the Parana River, Latin America’s grain superhighway, forcing ships to travel with around 20% less…
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Dorian LPG clinches sale and leaseback deal for VLGC
LPG carrier operator Dorian LPG has entered into a sale and leaseback deal for its 2015-built VLGC . The 84,000…
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Harvey Gulf extends PSV charters, seeks M&A opportunities
New Orleans headquartered offshore vessels owner Harvey Gulf International Marine has signed 18-month contract extensions for two of its platform…
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Hess charters VLCC trio to store 6m barrels of shale oil
New York-headquartered oil and gas driller Hess Corporation has taken the unusual move of chartering three VLCCs to store oil…
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Marinakis tipped to have taken Ridgebury suezmax pair
As is often his way Bob Burke looks to have offloaded a brace of tankers at the latest peak of…
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