Americas
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Transpetro cancelling 17 tanker orders
Brazillian energy major Petrobras transport subsidiary Transpetro is cancelling orders for 17 tankers. The move seriously dashes government plans to…
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The tale of two canals – game theory in action
What comes to your mind when you think about the Suez and Panama Canals? Marvels of engineering? An exotic waterway…
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Matson to raise $75m via bonds for fleet renewal
US shipping company Matson has entered into a private placement commitment letter under which it expects to issue $75m of…
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Panama Canal Authority rejects ITF safety claims
The Panama Canal Authority (ACP) has rejected claims by the International Transport Workers’ Federation (ITF) that the ACP is putting…
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Fugro going back to Massachusetts for offshore wind contract
Fugro has been awarded a contract by Vineyard Wind, formerly named OffshoreMW, to perform a marine geotechnical site investigation within…
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JSC secures FEED contract for Woodfibre LNG project
Japan’s JGC Group has announced that its wholly-owned subsidiary, JGC America, has been awarded a contract to provide front-end engineering…
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Case put forward for offshore drilling in the Arctic
Officials in the administration of US President Barack Obama and former senior military figures have spoken out in favour of…
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Seacor makes $305m GulfMark approach
Seacor Holdings chief executive Charles Fabrikant has written to GulfMark Offshore chairman David Butters suggesting the pair merge. Seacor, which…
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Wood Group wins long-term EPC deal off Canada
Wood Group has been awarded a five-year contract for engineering, procurement, construction and maintenance services at the Hibernia platform, offshore…
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ITF raises concerns for worker safety at expanded Panama Canal
The International Transport Workers Federation (ITF) has raised more concerns about safety issues at the new locks of the expanded…
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Is the Federal Reserve finally waking up?
Does the Federal Reserve finally begin to realize their low interest policy has failed? For example in the minutes from…
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Petrobras announces agreement to team up with Total
Brazil’s troubled energy giant Petrobras announced on Monday it is forming a strategic alliance with France’s Total to work on…
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Tide still not turned for troubled US OSV operator
Tidewater has received extensions of the waivers on certain covenants until November 11 – the second extension in quick succession…
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Famous VLCC set for sale ushering Monarch’s exit from shipowning
Talk about a potential sale of the six-year-old, 320,000 dwt is getting juicier. Chatter about the potential sale started a…
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Greek owner slapped with $1.5m oil spill fine in Seattle
The Greek shipowner, Evangelos Angelakos, was whacked with a $1.5m bill by a federal judge in Seattle on Friday after…
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Petrobras board approves settlement of four investor lawsuits in New York
The board of Brazil’s troubled state oil firm Petrobras on Friday approved multimillion-dollar settlements to lawsuits brought by investors in…
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US regulator gives nod to OCEAN Alliance
US watchdog the Federal Maritime Commission (FMC) on Friday gave its approval to the proposed OCEAN Alliance of four major…
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OSG board approves domestic and international company split
The board of New York-based and NYSE-listed tanker owner Overseas Shipholding Group (OSG) on Friday approved a plan to split…
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Former speaker of Brazil’s lower house arrested on $5m Petrobras bribe charge
The former speaker of Brazil’s Chamber of Deputies (the lower house of Congress), has become the latest major political figure…
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MSC in talks to take Hanjin’s Long Beach terminal stake
Mediterranean Shipping Company (MSC) is in discussions with troubled Hanjin Shipping to buy the Korean’s stake in a box terminal…
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