Reuters

Two of China's largest shipping firms are setting up a $1.1 billion crude oil tanker joint venture with a view to build up the country's fleet, as the world's

Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by

U.S. oil giant ExxonMobil began drilling in Russia's Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by

Big cruise ships will be barred from Venice's Saint Mark's lagoon, to protect Italy's floating city from potential damage caused by growing traffic, the

A U.S. shipping firm is suing Alcoa for $300 million saying it suffered losses after the aluminium maker breached a contract with the Guinean government

The massive container ships passing through the Santa Barbara Channel off the coast of Southern California will be paid a bonus of $2,500 per trip to slow

Brazilian mining company Vale SA plans to double its iron ore exports to China within five years according to Jose Carlos Martins, the company's head of

Hurricane Iselle was forecast to hit Hawaii on Thursday as residents scurried to gather supplies and officials warned of flooding and outages, while a

China plans to build lighthouses on five islands in the South China Sea, state media reported on Thursday, in defiance of calls from the United States and the

A professor who invited the disgraced captain of the capsized Costa Concordia to speak at a criminology seminar has been referred to the ethics committee at

Cell phone video captures the last moments of the MV Pinak-6 and her passengers. The captain and owner are wanted on murder

By extracting a $13 million penalty and imposing tough restrictions on future oil trading by Arcadia and others, the U.S. Commodity Futures Trading Commission

Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along

Chinese shipyards are aiming to take some $10 billion in orders for new LNG tankers over the rest of the decade, part of a plan to restructure the country's

The Kurdistan Regional Government (KRG) of Iraq asked a U.S. court on Monday to throw out an order to seize some 1 million barrels of disputed crude oil and

Firefighters contained a blaze at Cosan SA's sugar facilities at the Port of Santos in Brazil on Monday, reducing storage capacity in the world's largest

A ferry with about 200 passengers aboard capsized on Monday in the river Padma southwest of Dhaka and rescue teams took about half of them to safety, the chief

Egypt has chosen a consortium that includes the Egyptian army and global engineering firm Dar al-Handasah to develop an international industrial and logistics

Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand

Asian spot liquefied natural gas (LNG) remained at depressed levels this week amid weak demand, but traders were looking for floating storage to take advantage