Americas
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Panama Canal increases maximum draft for new locks
The Panama Canal has announced an increase in the maximum allowable draft, after recent rainfall brought the Gatun and Alajuela…
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Workers sue Shell and Enbridge over injuries sustained in November oil platform fire in the Gulf of Mexico
Three workers who were injured in a fire on an oil platform in the Gulf of Mexico are suing units…
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Statoil acquires quarter stake in Roncador field offshore Brazil
Norway’s Statoil on Monday announced it is acquiring a 25% stake in the Roncador oil field offshore Brazil from Petrobras,…
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Brand new Kuang Ming bulker refloated after grounding in Columbia River
A brand new bulk carrier owned by Taiwan’s Kuang Ming Shipping was successfully refloated after running aground in the Columbia River…
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Arbitrator rules for Petrobras in dispute with Sete Brasil
Petrobras, Brazil’s state oil company, announced it has won a favourable arbitration decision in a dispute with Sete Brasil, an…
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Venezuela’s PDVSA has begun making overdue interest payments on bonds
Venezuela’s cash-strapped state oil firm PDVSA says it has begun the process of paying overdue interest payments on four of…
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Seacor joint venture seals sale and leaseback deal for Jones Act product tanker
New York-listed Seacor Holdings has announced that its Jones Act shipping jv SEA-Vista has reached an agreement to sell one…
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Quebec City poised for maritime transformation
The Quebec Port Authority (QPA) has announced plans to build a world-class container terminal as part of the proposed Beauport…
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PDVSA settles lawsuit with Sinopec subsidiary in US court
Venezuela’s troubled state oil firm PDVSA has settled a lawsuit against it by China’s state oil firm Sinopec, according to…
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Interior postpones expected announcement of Atlantic offshore drilling
The administration of US President Donald Trump is delaying an expected announcement about its plans for offshore drilling, according to…
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Final El Faro report lashes both captain and owner
The US National Transportation Safety Board (NTSB) on Tuesday released its findings about the 2015 sinking of cargo ship with…
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US crude oil exports now more important to shipping than US product exports
The United States government lifted its restrictive policy on crude oil exports in December 2015. In September and October 2017,…
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Pemex blames oil prices and competition for cancelled deepwater auction
Mexico’s state oil firm Pemex on Monday said last week’s cancellation of a planned tender for a joint venture in…
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US poised to open up Atlantic waters for drilling
US authorities are on the verge of announcing a plan to open up Atlantic waters to oil drilling, according to…
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Teekay LNG seals long-term debt facility for its share of six Yamal newbuilds
Hamilton, Bermuda-headquartered Teekay LNG Partners on Monday sealed an $816m long-term debt facility so it can finance its share of…
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NTSB meets to determine cause of El Faro tragedy
The US National Transportation Safety Board (NTSB) is set to meet today to determine the cause of the sinking of…
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Transocean faces potential liquidity issues as lawsuit is filed against subsidiary
A lawsuit has been filed against an indirect subsidiary of Transocean which could affect its ability to draw on a…
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CMA CGM completes acquisition of Mercosul Line from Maersk
French container shipping company CMA CGM on Friday completed the purchase of Mercosul Line, a Brazilian container line that was…
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Mexico’s oil regulator calls off JV deepwater tender for lack of takers
A planned tender for a joint venture (JV) deep-water oil prospect in the Gulf of Mexico was cancelled on Thursday…
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Excelerate Energy buys out Exmar stake in four FSRUs
Excelerate Energy and Exmar have announced that Excelerate will acquire the 50% stake held by Exmar in four FSRU owning…
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