Reuters

Chinese shipbuilder COSCO Corp (Singapore) Ltd on Monday reported a 71 percent fall in full-year 2013 net profit, due to lower profit contributions from ship

India has dropped a plan to prosecute two Italian marines accused of killing two Indian fishermen under a tough anti-piracy law, a government lawyer said on

A cargo ship lies on its side after running aground on rocks off Cheung Chau island in Hong Kong February 21, 2014. All seventeen crew were rescued from the

A deal to resume work on the multibillion-dollar Panama Canal appeared in doubt on Thursday, just hours after an apparent breakthrough, in the latest twist in

Rates for capesize bulk carriers on key Asian routes are set for mixed fortunes next week, with buoyancy on the Australia to China trade counterbalanced by a

A cruise ship attendant confessed to raping a female passenger on Valentine's Day and trying to toss her overboard to cover up the crime, according to an

Three Indian fishermen injured when a U.S. naval ship fired on their boat off the United Arab Emirates in 2012 are launching a civil case against the Pentagon

Malaysian oil field services firm Bumi Armada Bhd said it has secured $381 million worth of contract extensions for its floating production, storage and

Creditors of South Korea's STX Offshore & Shipbuilding Co Ltd have decided to lend the debt-laden shipbuilder an extra 1.8 trillion won ($1.7 billion), two

The Panama Canal and a Spanish-led construction consortium expanding the major global waterway discussed options on Tuesday to keep the multibillion-dollar

  By Matthew Miller and Fang Yan BEIJING, Feb 18 (Reuters) – CSC Nanjing Tanker Corp is poised to become the first company backed by China’s

An asylum seeker was killed and at least 77 injured in the second riot this week at a detention centre in Papua New Guinea used to process asylum seekers,

New tighter Chinese restrictions on Brazilian miner Vale's Chinamax ore carriers are "technical" and are likely to be resolved over time, Vale's head of iron

New tighter Chinese restrictions on Brazilian miner Vale's Chinamax ore carriers are "technical" and are likely to be resolved over time, Vale's head of iron

By Meeyoung Cho SEOUL, Feb 17 (Reuters) – A tanker run by Singapore’s Ocean Tankers completed the offloading of 278,000 tonnes of oil in the sea

BERLIN, Feb 14 (Reuters) – German public-sector lender NordLB is not planning a merger with peer HSH Nordbank, its Chief Executive said in reaction to

By Manolo Serapio Jr and David Stanway SINGAPORE/BEIJING, Feb 14 (Reuters) – China will only allow ships with capacity of up to 250,000 deadweight tonnes

Food importers in Asia are switching from dry bulk cargo ships to container vessels, which normally carry goods such as toys and TVs, as they offer a way to

LONDON, Feb 13 (Reuters) – Lloyds Banking Group is looking to sell $500 million of shipping loans in what is likely to be the final big sale of loans

Chilean shipping firm Compania Sud Americana de Vapores said on Thursday it is planning two capital increases for a total of up to $600 million to get the