Americas
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Commissioners green light new Seaport Logistics Complex for Port of Oakland
Port of Oakland commissioners have given the final go-ahead for a project to convert a large part of a decommissioned…
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Former PDVSA boss detained in Venezuela’s graft crackdown
Two former highly-placed officials – at Venezuela’s troubled state oil company PDVSA and at the oil ministry – were arrested…
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New York Shipping Exchange: Fixing the $23bn hole in liner shipping
Gordon Downes, the CEO of the recently created New York Shipping Exchange (NYSHEX), reckons he can fix a massive hole…
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Panama Canal offers an additional daily slot for neopanamax vessels
The Panama Canal Authority (ACP) said on Thursday it will be making available one more reservation slot for neopanamax vessels,…
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SolstadFarstad PSV awarded Statoil charter in Brazil
Norway’s SolstadFarstad has been awarded a two-year charter by Statoil Brasil Óleo e Gás for Brazilian flagged 2012-built platform supply…
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US issues permit for oil drilling in Alaskan waters
US authorities have approved drilling in federal waters offshore Alaska, according to Reuters. As soon as next month the US…
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SBM Offshore reaches $238m agreement with US DOJ on bribery charges
Dutch firm SBM Offshore’s US subsidiary pleaded guilty in an American court to a bribery charge on Wednesday. Parent company…
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Exxon’s Hebron project offshore Newfoundland produces first oil
ExxonMobil on Tuesday announced first oil output from the Hebron field offshore eastern Canada, according to Reuters. Located about 200…
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Teekay Offshore takes options on shuttle tanker pair
Teekay Offshore Partners has declared options with South Korean shipbuilder Samsung Heavy Industries for the construction of two suezmax-sized DP2…
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Pemex insider Trevino Medina named as new CEO
Mexico’s President Enrique Pena Nieto announced on Monday that the next CEO of state oil firm Pemex will be Carlos…
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Dockwise struggles in loading damaged American warship
The incredibly unfortunate USS Fitzgerald has suffered more damage. The American destroyer, involved in a deadly collision with a Japanese…
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Teekay Tankers completes acquisition of Tanker Investments
Teekay Tankers has completed the acquisition of Oslo-listed Tanker Investments (TIL) in a share-for-share merger, a deal it announced in…
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William Doyle to step down as FMC commissioner in January
Federal Maritime Commission (FMC) Commissioner William Doyle has announced his intention to step down from the position, effective 3 January…
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Venezuelan military man appointed to head PDVSA and oil ministry
Venezuela’s troubled state oil firm PDVSA has a new man at the top after a surprise move by national President…
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First oil flows from Brazil’s offshore Libra field
Oil has begun to flow from Brazil’s vast Libra offshore field, according to Reuters. A consortium of oil industry giants,…
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Ridgebury Tankers snaps up Euronav VLCC
Belgium-based tanker owner Euronav has sold its 2001-built VLCC to Bob Burke’s Ridgebury Tankers for $22m. Euronav logged a gain…
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Petrobras to seek $6.8bn valuation for its distribution company in IPO
Brazil’s state oil giant Petrobras is going to seek a valuation of up to $6.8bn for its fuel distribution unit…
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DHT Holdings announces sale of three VLCCs
DHT Holdings announced on Wednesday that it has entered into an agreement to sell three of its VLCCs. The three…
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Beleaguered PDVSA sets 50% cost-cutting target
Venezuela’s state oil firm PDVSA has launched an austerity drive aimed at cutting costs and expenses by half, according to…
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Port of Vancouver, Washington announces scaled-back budget for 2018
The US Port of Vancouver, in Washington state, has announced a 2018 budget of $68.5m for 2018, down by nearly…
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