Americas
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Lawsuit against retroactive wages for truck drivers threatens Port Metro Vancouver
The stability of labour relations at Port Metro Vancouver could be endangered by a new lawsuit from a group of…
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Great Lakes trade in jeopardy unless icebreakers modernized and twin Poe lock built
US and Canadian trade and shipping interests on the Great Lakes could be jeopardized for lack of investment in icebreakers…
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Teekay Tankers confirms aframax acquisition from Teekay Offshore
Teekay Tankers has confirmed it purchased two aframax lightering tankers from Teekay Offshore in December for $80m en bloc, which…
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Nordic American Offshore and Herbjørn Hansson buy back shares
Nordic American Offshore (NAO) and its executive chairman Herbjørn Hansson have bought back shares in the NYSE-listed company in private…
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Maersk consolidates ops across South America east coast
The world’s top container carrier, Maersk Line, is consolidating its operations in Brazil, Paraguay, Argentina and Uruguay in a bid…
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Captain of El Faro was ‘eminently qualified’, Coast Guard panel hears
Plaudits for the master of the sunken El Faro boxship were heard at a hearing into the disaster yesterday. Captain…
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Trial of former BP supervisor over Deepwater Horizon disaster begins
Opening arguments were heard on Wednesday in the trial of a former BP supervisor over the 2010 Deepwater Horizon oil…
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Tanker firm sets up in Connecticut
The tanker company Norstar is setting up a new commercial management joint venture based in Westport, Connecticut named Norstar Chartering.…
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Success for Algoma in Mingde Heavy Industry arbitration
Canada’s Algoma Central Corporation has announced that a London arbitration tribunal hearing a contract dispute involving three shipbuilding contracts between…
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Hearing into El Faro sinking hears that captain had responsibility for key decisions
US Coast Guard (USCG) hearings into the El Faro sinking began on Tuesday in Jacksonville, Florida, with an executive of…
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Shell to quadruple offshore Brazil investments
Royal Dutch Shell announced it intends to quadruple its investments in E&D offshore Brazil over the next four years. The…
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Regional ports body says President Obama’s 2017 budget shortchanges US seaports
US President Barack Obama’s proposed budget for 2017 falls short in several aspects relating to seaports, according to an assessment…
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Port of Oakland gets funding for extended hours to cover loss of Outer Harbor Terminal
The Port of Oakland’s governing board has approved spending of $1.5m to cover the costs of extending work hours at…
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Overseas Shipholding Group reaches settlement in malpractice case
US-based Overseas Shipholding Group (OSG) announced on Monday it has reached a settlement with law firm Proskauer Rose over alleged…
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Paragon Offshore’s restructuring plans approved
American offshore drilling rig firm Paragon Offshore, which sought Chapter 11 proceedings last Friday, has revealed 77% of its bondholders…
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Repair work on Panama Canal’s new locks passes test
The Panama Canal Authority (ACP) announced on Sunday that water testing of repairs to cracks in the Pacific-side Cocoli Locks…
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Statoil adds to Uruguay assets
Statoil is not hanging around cementing its position in Uruguay. The Norwegian oil firm agreed on February 1 with Total…
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Pacific NorthWest LNG terminal passes environmental test
Supporters of the Pacific NorthWest liquefied natural gas (LNG) terminal project in British Columbia were encouraged by a report from…
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Paragon Offshore set to declare Chapter 11 bankruptcy
Heavily indebted rig operator Paragon Offshore will file for Chapter 11 bankruptcy this weekend. The Houston-based company announced it has…
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Panamaxes help Baltic Dry Index end its record-breaking rout
The Baltic Dry Index (BDI) today advanced by 1 point to reach 291 points, the first time the index has…
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