Reuters

Norway's Statoil is moving ahead with plans to develop a giant $29 billion oil field, Europe's costliest offshore energy

Five people were killed and four are missing following an explosion Wednesday aboard a FPSO in Brazil.

Sembcorp Marine said it is in talks with Sete Brasil over delayed payments worth millions of dollars on orders that the Brazilian company has placed with the

An Italian court convicted the former captain of the Costa Concordia cruise liner on Wednesday for his role in the 2012 shipwreck that killed 32 people and

China has amended rules around ships it will allow to berth at mainland ports, paving the way for Brazilian miner Vale to ship iron ore in its giant 400,000

The former captain of the doomed Costa Concordia on Wednesday gave his final address to a court where he is being tried over the loss of the giant cruiseliner,

Russia's Yamal LNG project expects the global liquefied natural gas market to move into a deficit by 2018, which will help the country boost its share of the

Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to

U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing

At least 29 migrants died of hypothermia aboard Italian coast guard vessels after being picked up from an inflatable boat adrift near Libya, the mayor of the

Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay

Cranes unload iron ore from a ship at a port in Rizhao, Shandong province February 7, 2015.

North Korea has test-fired a new anti-ship cruise missile, images released by state media on Saturday showed, demonstrating the increased capability of the

Cargo freighter loading and unloading operations will be suspended at U.S. West Coast Ports this weekend due to continuing chronic slowdowns, the companies'

"Anyone now with supply going West to East, would be fair to put the cargoes in the West. This will help the (Asia) price stabilise a bit and maybe pick up," a

A pirate attack that killed a supertanker crewman off the coast of Nigeria this week has highlighted a growing threat off oil-rich West

Capex can't be cut

Shipping companies and terminal operators for 29 U.S. West Coast ports appeared to have hit a snag on Wednesday in protracted labor negotiations with the

Privately-owned shipping company Copenship has filed for bankruptcy in Copenhagen after losses in the dry bulk market, its Chief Executive Michael Fenger told

Norway's GC Rieber Shipping ASA said on Wednesday that two companies owned by private equity fund HitecVision V, LP, had defaulted on debt