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Gulf of Guinea piracy increases

JULY 16, 2012 — The number of pirate attacks worldwide fell sharply in the first half of 2012 says the latest global piracy report from the International Maritime Bureau (IMB). The decline

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Detyens Shipyards wins $8 million TAO drydocking contract

JULY 15, 2012 — Detyens Shipyards Inc., North Charleston, S.C., is being awarded an $8,000,701 firm-fixed-price contract for a 55-calendar day regular overhaul and drydocking of Military Sealift Command fleet replenishment oiler

Atlantic Towing purchases new AHTS vessel

JULY 13, 2012—Atlantic Towing, Limited (ATL), St. John’s, New Brunswick, recently purchased a new 16,300 bhp Anchor Handling Tug Supply (AHTS) vessel  from Singapore’s Jaya Holdings Limited. The as-yet-to-be-named vessel  is a

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Moody’s gives Teekay a negative ratings outlook

JULY 13, 2012 —Moody’s Investors Service yesterday affirmed its debt ratings of Teekay Corporation: B1 Corporate Family and B2 senior unsecured. Moody’s also lowered the Speculative Grade Liquidity rating to SGL-3 from

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Treasury adds NITC to Iran sanctions list

JULY 13, 2012 — The United States is imposing additional sanctions on Iran’s nuclear and ballistic missile proliferation networks. Yesterday it announced a number of actions described by Treasury Under Secretary for