Americas
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HKND to devise bioversity plans for Nicaragua Canal project
HKND, the Hong Kong-based Chinese company behind a mooted Nicaragua Canal plan, is teaming up with an environmental NGO in…
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McDermott lands contract from Pemex for new Abkatun platform
Houston-based oil industry service provider McDermott International has landed a $454m contract from Mexico’s state oil firm Pemex to work…
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California ports given extension for emission reduction plans
California’s clean air agency has extended by three months a deadline by which diesel-powered ships need to show how they…
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SwissMarine charters Diana panamax
Geneva-based SwissMarine Services has booked Diana Shipping’s panamax Crystalia (77,525 dwt, built 2014) on an 11- to 14-month timecharter. The…
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Panama inaugurates new canal
Panama held an official inauguration ceremony with a host of dignitaries on hand for the newly expanded Panama Canal yesterday.…
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Teekay Corp’s final VLCC sold to Pantheon Tankers
Illustrative of the sharp decline in prices for secondhand VLCC tonnage seen this year, Clarkson Research reports that Teekay has…
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Captain being investigated over fatal tugboat sinking on Hudson River
Police are looking into possible impropriety by the captain of a tugboat involved in the fatal Hudson River sinking of…
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CMA CGM to make Kingston its hub for anticipated Panama Canal boom
French container giant CMA CGM is making Kingston Container Terminal in Jamaica its strategic hub for transshipment business anticipated from…
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New study strongly defends Jones Act
The influential Lexington Institute has released a study that strongly defends the Jones Act’s role in protecting US borders and…
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Petrobras’ pension fund needs massive infusion to meet its liabilities
Petrobras, Brazil’s troubled state-run oil giant, has a big hole in its workers’ pension plan with $6.8bn in unfunded liabilities,…
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Alpha Bulkers capesize fixed on timecharter at decent rate
Today saw a rare capesize period fixture on a day in which the Baltic Dry Index advance by 13 points…
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The shipping finance crisis
Paul Slater from First International Corp gives Splash readers an advanced look at what he’ll say at a speech in…
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Canada reaffirms ban on LNG tankers using Head Harbour Passage
The Canadian government will stick to the policy of its predecessor and maintain a ban on liquefied natural gas (LNG)…
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Shell cleared by Canadian regulator to resume drilling off Nova Scotia
Royal Dutch Shell can resume offshore drilling in waters off Nova Scotia after that Canadian province’s industry regulator gave the…
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Pemex closes in on another sale and leaseback deal with a US equity firm
For the second time in a week Mexico’s troubled state oil firm Pemex is close to making a significant sale…
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Noble receives $540m early termination settlement from Freeport-McMoRan
Houston-based oil and gas E&P firm Noble Corporation announced it has now received the full settlement amount of $540m from Freeport-McMoRan…
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OSG returns to the NYSE Big Board
After a few years in the cold, Overseas Shipholding Group (OSG) is to transfer its stock listing once again to…
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TEN’s new aframax begins long-term charter to Statoil
The 112,700-dwt Elias Tsakos has been delivered to Tsakos Energy Navigation from Daewoo Mangalia Heavy Industries and is to commence a long-term…
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Paragon Offshore’s plan for exiting bankruptcy comes under fire
Houston-based rig operator Paragon Offshore’s reorganization plan to allow it to exit Chapter 11 bankruptcy came under fire from some…
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Trial begins in case of fatal Black Elk platform blast of 2012
Jury selection is under way in a trial derived from several lawsuits pertaining to a fatal 2012 explosion on an…
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