Reuters

Italy's navy said on Thursday it believed it had found the wreck of a boat that sank last month killing up to 900 migrants off the coast of Libya, the

Shipping freight rates, which have hit record lows this year, are set to remain weak for the rest of the decade or longer as there are too many ships and

Iran said on Wednesday a legal settlement could be reached soon over its seizure of the Marshall-Islands flagged Maersk Tigris container ship in the Strait of

Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but

The U.S. Treasury Department on Tuesday approved licenses for passenger ferry service between the United States and Cuba, a Treasury Department official told

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep

VISBY FORWARD OPERATING BASE, Sweden — A daily game of Cold War cat-and-mouse is ratcheting up tensions in the Baltic and drawing the biggest military

Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply

U.S. Navy warships have begun accompanying British-flagged commercial vessels through the Strait of Hormuz as a result of Iran's detention of a Marshall

Maersk Line said on Monday it had met again with the Ports & Maritime Organization (PMO) in Iran regarding the seizure of the vessel Maersk Tigris but has

Around 6,800 migrants were rescued from overcrowded boats crossing to Europe over the weekend, including a mother who gave birth to a baby girl on an Italian

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep

Nearly 3,700 migrants were rescued from boats near the coast of Libya on Saturday and early Sunday and more rescue operations were expected during the day as

Canadian officials said on Friday a C$26.2 billion ($21.5 billion) program to build 15 naval ships could end up below target and over budget, the latest

Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental

Denmark's Maersk shipping said on Thursday it insisted on the release of a vessel and crew seized by Iran, adding it assumed the incident was related to a 2005

Shipbuilder COSCO Corporation Singapore Ltd on Thursday posted a 94 percent slide in first-quarter profit, and said weak oil prices makes a recovery in the

Greece's government is considering selling stakes in its two largest ports as a concession to reach an agreement with its lenders and unlock bailout funds, a

Iran's foreign minister on Wednesday offered assurances that Tehran is committed to maintaining freedom of navigation in the Gulf in the aftermath of the

Danish shipping company Maersk said on Wednesday the crew of the Maersk Tigris container ship were safe and "in good spirits" after Iranian authorities seized