Americas
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China’s regulator gives thumbs up to merger of Schlumberger and Cameron
Multinational oil field services company Schlumberger and oilfield equipment maker Cameron International have received the all-clear for their merger from…
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Port of Los Angeles paid for China Shipping’s anti-pollution equipment
The Port of Los Angeles paid China Shipping $5m to upgrade 17 vessels with shore power equipment – a clean-air…
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Grounded bulk carrier Sparna moved safely to berth
The bulk carrier Sparna (54,881 dwt, built 2004), which was severely damaged when it ran aground in the Columbia River…
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Huge tanker queues in Venezuela
Delays at a key Venezuelan crude loading port are seeing tankers strung out all the way to the island of…
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US rigs in operation slumps to new low
A further sign of the dire oil and gas situation comes from the US where the latest American count of…
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NewLead accused of stock manipulation, bank fraud and money laundering
A commodity trader suing NewLead Holdings for breach of contract has made extraordinary allegations of stock manipulation, bank fraud and…
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Protesters hinder Gulf of Mexico offshore lease sale, which proceeds with tepid results
Protesters opposed to offshore oil and gas drilling in the Gulf of Mexico made their feelings felt as the latest…
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June 26 set for inauguration of Panama Canal’s expansion project
The Panama Canal Authority (ACP) on Tuesday announced that the huge, much delayed and over-budget expansion of the Canal will…
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OSG withdraws its IPO plans
Overseas Shipholding Group (OSG) has abandoned its plans to raise $100m through an initial public offering (IPO) of shares on the…
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Bugbee buys Scorpio Bulkers shares
Robert Bugbee, president of Scorpio Bulkers, has spent around $432,100 buying shares in the NYSE-listed company. The president purchased a…
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Eagle Bulk extends forebearance period with creditors for the seventh time
Nasdaq-listed supramax specialist Eagle Bulk has again extended its forbearance and standstill agreement with its creditors overnight as it continues…
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Corruption at Odebrecht was systematic according to Brazilian prosecutor
Brazilian prosecutors on Tuesday revealed that engineering giant Odebrecht had a highly organized, even automated, system for making bribe payments…
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USCG monitoring grounded K Line bulker for pollution in Columbia River
The US Coast Guard (USCG) is monitoring for pollution a K Line bulker that ran aground on Monday in the…
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Draft restrictions for Panama Canal shipping because of El Nino-related drop in water levels
The Panama Canal Authority (ACP) announced on Monday it is introducing temporary draft restrictions on shipping through the trans-oceanic shortcut…
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Construction work on port facilities for Nicaragua Canal to begin in August
The ambitious and contentious plan for a $50bn Nicaragua Canal will see spades in the ground by August with the…
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The curse of the Commodore’s hat
Got shares in Euronav? Sell them today! The current darling of tanker stocks might just have revealed very solid results…
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Strike brings Santos port to a halt
Stevedores at Santos port in Brazil’s Sao Paulo state, on Monday morning started one-day strike action calling for inflation adjustments…
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Petrobras starts probe of potential conflicts of interest in its personnel division
Petrobras, Brazil’s scandal-ravaged state oil company, has launched an internal probe of potentially improper and costly practices by its human…
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Petronas given three more months for environmental study of Pacific NorthWest LNG terminal
Canada’s Environmental Assessment Agency (CEAA) has given Malaysia’s state oil and gas firm Petronas extra time in which to show…
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Paragon’s note sale disappoints, interest payment still outstanding
Investors have largely shunned Paragon Shipping’s latest offering, with only 18.8% choosing to exchange convertible notes for shares in the…
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