Reuters

Dec 14 (Reuters) – Oilfield services company John Wood Group Plc’s CFO David Kemp said on Wednesday that the company showed modest recovery in some

By Jonathan Saul LONDON, Dec 14 (Reuters) – The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a

COPENHAGEN, Dec 13 (Reuters) – The world’s biggest container shipper A.P. Moller-Maersk may consider selling assets or cutting dividends as it

By David Ingram Dec 13 (Reuters) – The captain of a U.S.-flagged cargo ship that sank near the Bahamas last year, killing all 33 onboard, told a crew

By Amanda Cooper LONDON, Dec 13 (Reuters) – Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully

By Jacob Gronholt-Pedersen COPENHAGEN, Dec 13 (Reuters) – The acquisition of German shipping company Hamburg Süd will replace some 60 percent of revenue

By Bozorgmehr Sharafedin and Shadia Nasralla BEIRUT/VIENNA, Dec 13 (Reuters) – Iran ordered its scientists on Tuesday to start developing systems for

SEOUL, Dec 11 (Reuters) – Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping

By Chen Aizhu and Catherine Ngai (Reuters) Oil traders and major producers are lining up a flotilla of carriers to ship more U.S. crude to Asia in December

SEOUL, Dec 10 (Reuters) – South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran’s

By Keith Wallis SINGAPORE, Dec 9 (Reuters) – Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry,

By Jacob Gronholt-Pedersen and Joyce Lee COPENHAGEN/SEOUL, Dec 9 (Reuters) – Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday

WASHINGTON, Dec 8 (Reuters) – U.S. President-elect Donald Trump will nominate Oklahoma Attorney General Scott Pruitt, a critic of federal environmental

By Lincoln Feast and Greg Torode SYDNEY/HONG KONG, Dec 8 (Reuters) – Vietnam has begun dredging work on a disputed reef in the South China Sea, satellite

Dec 7 (Reuters) – U.S cruise operators Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings Ltd said on Wednesday they had got approval from

By Jonathan Saul LONDON, Dec 7 (Reuters) – The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo,

By Dana Feldman and Hugh Gentry LOS ANGELES/HONOLULU, Dec 7 (Reuters) – It has been 75 years, but U.S. Navy veteran James Leavelle can still recall

By Jonathan Saul LONDON, Dec 6 (Reuters) – Liverpool’s new container terminal expects to ramp up transatlantic shipping as British companies look

HOUSTON, Dec 5 (Reuters) – The Houston Ship Channel, which links the busiest U.S. petrochemical port to the Gulf of Mexico, reopened on Monday afternoon

By John Kemp LONDON, Dec 5 (Reuters) – OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to