Americas
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Brazil authorities make moves to extend some of Petrobras’ longstanding oilfield rights
Brazil’s government announced on Wednesday measures that could lead to extending Petrobras’ rights in some of its oldest oilfields, according…
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Navios Maritime Acquisition lends $50m to its sister company
Tanker owner Navios Maritime Acquisition Corporation has agreed to provide a revolving loan facility of up to $50m to Navios…
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Oak Hill raising $2bn distressed debt fund
New York-based Oak Hill Advisors is looking to put together a $2bn distressed debt fund, with shipping targets in focus,…
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Eagle Bulk extends forebearance period with its creditors again
Nasdaq-listed supramax specialist Eagle Bulk has extended its forbearance and standstill agreement with its creditors by a further 14 days…
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Pemex secures lines of credit so it can pay its creditors
Mexico’s state oil firm Pemex, which has substantial offshore oil drilling interests in the Gulf of Mexico, on Tuesday announced…
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Kirby snaps up Seacor barge and towboat fleet
Houston-based Kirby Corporation, the biggest tank barge operator in the US, on Tuesday announced it has signed an agreement to…
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Argentinian yard scam rumbled
Six top managers at Argentinian shipyard Astillero Río Santiago have been arrested accused of embezzling state funds. Investigators are looking…
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Former head of Odebrecht gets 19 years in Petrobras case
The former head of Brazilian engineering and construction giant Odebrecht was jailed on Tuesday for 19 years and four months…
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Exmar terminates FLNG contract in Colombia
Exmar and Pacific Exploration & Production (PEP) have agreed to terminate the liquefaction and storage agreement they signed in March…
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Equipment breaks off Stena drillship during storm off Nova Scotia
A piece of offshore drilling equipment broke off a Stena Drilling drillship in waters near Nova Scotia, CBC reported on Monday. Shell…
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Car carrier runs aground near Buenaventura in Colombia
A car carrier with a cargo of 500 vehicles ran aground and was refloated near Buenaventura port in Colombia on…
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Eagle Bulk gets another three days
Nasdaq-listed supramax specialist Eagle Bulk has extended its forbearance and standstill agreement with its creditors by a further three days…
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Pemex budget cuts send Prosafe platforms into lay-up
Two of Prosafe’s semi-submersible accommodation rigs are expected to be laid up as a result of production budget cuts made…
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Fednav adds more at Oshima
Canada’s Fednav is back at its favoured Japanese yard, Oshima, for a series of handysizes, brokers report. The owner has…
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New head for Cargill ocean transportation
Cargill has announced that Jan Dieleman has taken over the leadership of the group’s ocean transportation business from Roger Janson,…
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Lula vows to fight Petrobras-linked bribe allegations
Former president of Brazil, Luiz Inacio Lula da Silva, on Friday pledged to fight allegations that he received bribes from…
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EIA report cautions US LNG export enthusiasts to pump the brakes
The much-touted coming boom in liquefied natural gas (LNG) exports from the US may not be quite so spectacular the…
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USCG closes section of Mississippi River to clean up fuel spill
US Coast Guard (USCG) closed a section of the Mississippi River near to Granite City, Illinois, for several hours while…
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World Wide Supply suffers another hit in Brazil
World Wide Supply is now in deep trouble with all of its ships soon out of work. The Oslo-listed OSV…
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Former Brazil president Lula arrested in Petrobras-related probe
Brazilian police in the early hours of Friday morning raided the home of former national president Luiz Inazio Lula da…
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