Americas
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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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Marlink and Telemar join forces, will service a third of the merchant fleet
Apax Partners has signed a definitive agreement to acquire Telemar Group from its current shareholders. The combined activities of Telemar…
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International Shipholding Corporation files for Chapter 11
The American shipowner International Shipholding Corporation has filed for relief under Chapter 11 at a court in New York. The…
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Shell confirms big find in Gulf of Mexico offshore New Orleans
Anglo-Dutch oil super major Shell announced it has made a significant offshore oil discovery in the US Gulf of Mexico.…
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Six US port projects succeed in bids for Tiger funding
Commercial seaports and projects that benefit the flow of goods through the country’s ports have been granted $61.8m in the…
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DP World to operate container terminal in St John, Canada
Dubai port operator DP World said it has signed a lease agreement to expand and operate the multipurpose Rodney container…
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ILWU eyes bringing forward contract talks by three years
Dockworkers with the International Longshore and Warehouse Union (ILWU) have said the union will consider next month an earlier-than-expected vote…
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Ports America extends its operator’s agreement with Tampa Bay Container Terminal
Ports America, one of the leading marine terminal operators and stevedoring firms in the US, has signed an amended container…
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Former Brazil president petitions UN over Petrobras corruption probe
Brazil’s former national president Luiz Inacio Lula da Silva (widely known as Lula) has petitioned the United Nations alleging his…
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Panama Canal spat continues
The Panama Canal Authority has disputed widespread reports that three ships have run into difficulties while transiting the expanded waterway…
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