Americas
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Seaspan boosts war chest with eye on Greater China International takeover
Seaspan continues to build its war chest with an eye on taking over the Greater China International fleet. Yesterday it…
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Vard ups stake in Brazil yard
Vard Holdings has increased its ownership stake in its indirect subsidiary in Brazil, Vard Promar, to 95.15%. Vard Promar, previously…
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Sale of LNG distribution arm could net Petrobras around $768m
Petrobras, the corruption-wracked Brazilian state oil firm, stands to make around $768m from the sale of its liquefied natural gas…
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Oil spill near mouth of Mississippi
An oil spill of as much as 4,200 gallons discharged from a well into the Mississippi River near where it…
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USCG blames Fennica grounding on outdated charts
The US Coast Guard (USCG) found that out-of-date navigational charts were to blame for the grounding of the icebreaker Fennica…
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Alaskan authorities look into oil spill at Hilcorp terminal
Environmental authorities in Alaska have announced they are investigating an oil spill that occurred last week at Hilcorp Energy’s Drift…
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APM Terminals agrees to pay reparations for bribery offences in Guatemala
APM Terminals (APMT) has taken on a multimillion-dollar reparation payment related to corruption at a terminal in Guatemala, even though…
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Market pushes Teekay’s Tanker Investments into a new strategy
Oslo-listed Tanker Investments, Teekay Corporation’s special investment company, has revealed a change of business strategy while releasing its second quarter…
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Hornbeck Offshore delays MPSV pair
US offshore operator Hornbeck Offshore has reached an agreement with Eastern Shipbuilding to postpone the delivery of two MPSVs on…
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Safe Bulkers rearranges finance for kamsarmax newbuilding
Safe Bulkers has novated the shipbuilding contract for a kamsarmax newbuilding to another of its wholly owned subsidiaries in order…
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US court upholds award against Pemex and increases it to $465m
Mexico’s state oil firm Pemex lost out to the tune of almost half a billion dollars in the latest phase…
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Two US firms settle for more than $1m over inflating price for handling humanitarian food aid
Two US cargo handling firms have agreed to settle for $1.075m in a case where they were accused of making…
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Maintenance work to reduce traffic through Panama Canal’s old locks by almost 40% this week
The Panama Canal’s old locks will be at reduced capacity for four days because of maintenance work that began on…
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GasLog Partners aims to raise $54m in public offering
GasLog Partners is to sell 2.75m of its common units in a public offering at a price of $19.50 per…
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Maersk Drilling chops 122 workers after drillship termination
Maersk Drilling is laying off 122 workers who were aboard the drillship according to a notice the company sent to…
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Nova Marine Carrier teams up with Navesco in the dry bulk business
Lugano-based Nova Marine Carrier and Bogotà-based Navesco have announced the launch of a new joint venture called Nova-Navesco that will…
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Mission to recover El Faro VDR set to begin
The delayed mission to recover sunken cargo vessel El Faro’s voyage data recorder (VDR) is set to begin. National Transportation…
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Diamond Offshore stacks two rigs, scrapping another two
Houston-based offshore driller Diamond Offshore has revealed that it has stacked two rigs in the last quarter and that it…
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Fraser Shipyards fined almost $1.4m for exposing workers to unsafe levels of lead
A Wisconsin shipyard has been fined almost $1.4m for exposing its workers to levels of lead way beyond the legal…
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DryShips to reverse split its stock after Nasdaq warning, CFO resigns
DryShips has decided to undertake a four-for-one reverse split of its shares after receiving a written notification from the Nasdaq…
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