Reuters

By Jeb Blount SAO JOAO DA BARRA, Brazil, June 8 (Reuters) – The launch this week of Prumo Logistica’s $3.7 billion Port of Açu, the largest in

By Christine Kim and Joyce Lee SEOUL, June 8 (Reuters) – South Korea’s government and central bank will create an 11 trillion won ($9.50 billion)

A handful of shipping industry leaders have teamed up in a joint project to develop a dry bulk carrier concept that uses LNG as a fuel. The project, dubbed

SAO JOAO DA BARRA, Brazil, June 7 (Reuters) – Chevron Corp plans to sign a five-year agreement to lease berthing space for its vessels from U.S. oil

By Lefteris Karagiannopoulos   ATHENS, June 7 (Reuters) – Greek cruise ship operators are worried of a lasting impact on the sector from an ongoing

TOKYO, June 6 (Reuters) – The U.S. Navy slapped a drinking ban on sailors stationed in Japan on Monday and halted off base liberty after police arrested

June 6 (Reuters) – Dry bulk shipper DryShips Inc raised “substantial doubt” about its ability to stay in business after it defaulted on three

By Jonathan Saul ATHENS, June 6 (Reuters) – Moves by China to stockpile oil are providing a further boost to the tanker shipping market which is already

PARIS, June 6 (Reuters) – Preliminary work got underway on Monday to restart three of Total’s French oil refineries stopped as part of nationwide

BEIJING, June 3 (Reuters) – China’s navy will send five ships to join a major U.S.-hosted naval drill this summer, even as tension mounts between

By Svetlana Burmistrova ASTRAKHAN, Russia, June 3 (Reuters) – When sanctions on Iran were lifted in January, Russia might have expected to be near the

LONDON, June 2 (Reuters) – The shareholders of Middle East container shipping group United Arab Shipping Company (UASC) back the company’s merger

CAIRO, June 2 (Reuters) – Egypt on Thursday received the first of two French Mistral helicopter carriers and said the second would arrive in September as

SEOUL, June 1 (Reuters) – The lead creditors of two of South Korea’s biggest shipbuilders have provisionally approved plans by Hyundai Heavy

Editor’s Note: The Brazilian appeals court decision referred to below involves the FPSO OSX 3. The Court has based its decision on the grounds that

By Lin Noueihed and Chine Labbé CAIRO/PARIS, June 1 (Reuters) – A French search vessel has picked up signals from one of the black boxes of EgyptAir

SEOUL, June 1 (Reuters) – A majority of Hyundai Merchant Marine Co Ltd (HMM) bondholders have approved a debt-for-equity swap plan, South Korea’s

By Joyce Lee GEOJE, South Korea, June 1 (Reuters) – Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever:

By Marianna Parraga and Sarah McFarlane HOUSTON/LONDON, May 31 (Reuters) – Four tankers carrying over 2 million barrels of U.S. crude are stuck at sea

By Silvia Ognibene FLORENCE, Italy, May 31 (Reuters) – A 16-year prison sentence for the former captain of the Costa Concordia cruise liner for his role