Bloomberg

BP Plc is seeking a reduction of as much as $3.4 billion in the fine it may have to pay for pollution caused by the 2010 Gulf of Mexico

By Jim Snyder Avoiding a state tax played a role in Royal Dutch Shell Plc’s decision to move a drilling rig from Alaska waters, though the company said

The captain of a ferry that crashed in Manhattan’s Financial District yesterday told investigators the ship didn’t respond when he put the thrust

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s busiest trade route, fell for a 10th session amid speculation

The index climbed 1.1 percent to 751, according to the London-based Baltic Exchange, an assessor of freight costs. Average hire costs for Panamax ships, which

Oil and gas exploration off Norway’s Jan Mayen Island, due to be opened up to drillers this year, poses “significant environmental

Rates to ship liquefied natural gas are gaining as the gap between prices in Europe and Asia is set to widen throughout the winter. A vessel was booked for

Chris Dolmetsch, Michelle Kaske and Phil Kuntz A commuter ferry carrying passengers to New York City from New Jersey crashed into a pier near the financial

By Kyunghee Park and Jasmine Wang China’s shipbuilders are set to spark a price war in the oil-rig market. With orders for new ships plunging to an

By Maram Mazen Nigeria’s navy said it handed over 15 Russian crew members to police for questioning after their ship was found to be carrying weapons

SKF AB, the world’s largest maker of ball bearings, agreed to buy Hamburg-based ship-component maker Blohm & Voss Industries GmbH to expand its

CGGVeritas, the largest seismic surveyor of oilfields, slumped by the most in more than three months in Paris trading after saying potential deals in Brazil

By Jim Snyder The U.S. Interior Department said it will review oil and gas exploration in Alaska’s Arctic waters after the grounding of a Royal Dutch

D/S Norden AS, Europe’s biggest commodity-shipping company, is betting that transport rates will continue to slump this year, a wager that will help it

By Brian Wingfield Emergency work to deepen the Mississippi River shipping channel will avert a shutdown of barge traffic this month, lawmakers said as

Banks will exert more control over the shipping industry this year as vessel values continue to decline, according to accounting firm Moore Stephens LLP.

Rising steel prices and falling stockpiles of iron ore in China may lead to increased imports of the commodity, boosting demand for shipping, according to

Jasmine Wang, Kyunghee Park and Natasha Khan Maersk Line, the world’s biggest container-shipping company, threatened to stop using cleaner fuel at Hong

Editor’s Note: Shell’s statement comes on the heels of reports yesterday that Shell’s decision to move the Kulluk was to avoid Alaskan state

Kiyomura K.K., a Tokyo-based sushi chain, paid a record 155.4 million yen ($1.76 million) to outbid an affiliate of a Hong Kong-based rival for a tuna it said