Reuters

An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a

An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after

The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about

European Union leaders agreed on Thursday to triple funding for search and rescue operations in the Mediterranean where record numbers are drowning as they

Global oil demand is set to rise by 1 million or even 1.5 million barrels per day (bpd) in 2015, according to a range of

European Union leaders who decided last year to halt the rescue of migrants trying to cross the Mediterranean will reverse their decision on Thursday at a

South Korea said on Wednesday it will raise the Sewol ferry that sank a year ago, killing more than 300 people, most of them children, yielding to pressure

Australia's Newcastle port, the world's biggest coal export port, has stopped all ship movements due to a cyclonic storm lashing the country's east coast, a

Prosecutors blamed the Tunisian captain of a fishing boat for causing the deaths of hundreds of migrants locked below decks when his vessel capsized in the

Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel

The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, said Claus Hemmingsen,

The U.S. Navy has sent an aircraft carrier and a guided-missile cruiser into the waters near Yemen to conduct maritime security operations, a Pentagon

European Union foreign ministers met on Monday under pressure to produce more than words and save desperate migrants drowning in the Mediterranean, as bodies

"I have never faced a more difficult and challenging work environment," commented Chief Executive Ayman

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.7 percent rise in first-quarter net profit on

The EU is considering sending warships to the Libyan coast to combat oil and arms smugglers but fears that could encourage more migrants to take to sea in the

As many as 700 people are feared dead after a boat carrying migrants capsized off the Libyan coast overnight, a United Nations official said on

A container ship ran aground in Egypt's Suez Canal in dense mist on Saturday morning, the canal authority said, delaying traffic through a vital global trade

Rates for very large crude carriers (VLCCs) on key Asian routes are likely to hold steady or climb next week if charterers release their May fixture programme

China’s island building program in the South China Sea may result in it gaining control of some of the world’s most important waterways, the U.S.’s most