Americas
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NYK and Macquarie invest in Maher Terminals
Nippon Yusen Kaisha (NYK) and Macquarie are taking a 20% stake in Maher Terminals, a company that operates a terminal…
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General cargo ship badly damaged by fire while laid-up in Colombian port
The general cargo ship Casanova (1,450 dwt, built 1975) has gone up in flames while laid up for maintenance work in…
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Paul Slater returns to Qorval, vows to shake up shipping restructuring
Renowned ship finance expert Paul Slater is returning to restructuring firm Qorval. The company has formed Qorval Marine, which Slater…
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Trump in a different light
There has been so much knee jerk, doom and gloom drudgery written in the days following the election of Donald…
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Genco disposes of Jinhui shares
Dry bulk shipping company Genco has sold its 8,345,641 shares in fellow dry bulk carrier Jinhui Shipping and Transportation. The…
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US offshore leasing plan expected to omit Arctic waters
Numerous news outlets reported on Wednesday that US President Barack Obama’s upcoming five-year plan for offshore leasing will omit rights…
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Rowan to stack drillship after Repsol terminates contract
Houston-based offshore drilling contractor Rowan on Tuesday said it has to warm stack one of its drillships after Spanish oil…
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Calls for executive action to ban oil drilling leases in Atlantic and Arctic before Trump sworn in
Environmentalists on Tuesday called for US President Barack Obama to use executive authority to invoke a provision of the Outer…
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Genco Shipping closes credit facility and completes stock sale
Genco Shipping & Trading has closed a new $400m credit facility and made amendments to some existing facilities while also…
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NTSB finds faulty wiring likeliest cause of $4m blaze on Great Lakes bulker last year
A fire that badly damaged a Great Lakes cargo steamship in Sturgeon Bay, Wisconsin late last year was probably caused…
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Shell to invest $10bn in Brazilian oil sector
Shell, encouraged by Brazil’s decision to open offshore projects to more private companies, announced a five-year plan to invest $10bn…
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Hunter Maritime Acquisition prices Nasdaq listing
Hunter Maritime Acquisition has announced the commencement of its initial public offering of 15m units at a price of $10.00…
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Eagle Bulk acquires resale bulker
Eagle Bulk Shipping has announced that it has acquired a resale 2017-build 64,000dwt ultramax dry bulk vessel under construction at…
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SK Shipping offloads supramax
SK Shipping of South Korea has sold a Dolphin 57 design bulker to Strategic Bulk Carriers, part of M.T. Maritime…
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Venezuela halts petroleum coke exports after burning cargo detected
Exports of petroleum coke from Venezuela’s state-owned Petro San Felix terminal were halted because of burning cargo detected on a…
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Basic safety management failure to blame for fatal Gulf of Mexico explosion
A fatal explosion on an oil platform in the Gulf of Mexico almost two years ago has been put down…
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Tidewater get another waiver extension
US-based international offshore service vessel (OSV) provider Tidewater has received another extension to waivers on its debt commitments. The company,…
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Pemex plans big jump in offshore JV projects
Mexico’s state oil firm Pemex announced a new five-year business plan that involves a big uptick in potential offshore joint…
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Northwest Seaport Alliance extends longer gate-times program
The ports of the Northwest Seaport Alliance (NWSA) – Seattle and Tacoma – have extended their pilot scheme offering extra…
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Two big changes at the top for Paragon Offshore
Houston-based offshore rig operator Paragon Offshore announced on Thursday two sudden changes at the top, naming a new president/chief executive officer…
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