Reuters

Oil tanker firm Frontline said it would convert $25 million of its outstanding debt due in 2015 to equity, an announcement which sent its share price almost 10

A giant catamaran strong enough to lift four Eiffel Towers will set off from a South Korean shipyard next year with the task of decommissioning North Sea oil

The world's top oil trader Vitol has brought tankers with Asian diesel to Europe via the Arctic Ocean, a journey rarely used for oil, in yet another evidence

Brazil's national oil worker's federation could start an indefinite strike on Oct. 17 if a pay dispute with state-run oil company Petroleo Brasileira SA is not

By Patricia Zengerle WASHINGTON, Oct 10 (Reuters) – Paul Greengrass’ new thriller, “Captain Phillips,” is torn from the headlines, but

Barkhad Abdi, a tall wisp of a man with a narrow face and a wide grin, sat on the sofa in his hotel suite with one eye on the television and another on a view

By Jonathan Saul LONDON, Oct 9 (Reuters) – War and sanctions are taking an increasing toll on Syria’s vital sea-borne trade, with fewer vessels

A Nigerian court dropped charges of arms trafficking against seven Russian sailors on Tuesday, their lawyer said, ending a year-long case that has frayed

Divers searching the wreckage of the Costa Concordia cruise ship on Tuesday found remains of a body thought to be one of the two missing victims, Italian

By Nidhi Verma NEW DELHI, Oct 8 (Reuters) – Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover,

Transatlantic clean tanker rates remained pressured on Monday as slow activity and a glut of vessels took their

Oman Shipping Company has signed a 137 million rials ($355.8 million) loan with two local banks to fund the acquisition of four Very Large Ore Carriers

Russia shrugged off Dutch legal action over its detention and prosecution of Greenpeace activists for piracy on Saturday as protesters took to the streets

"The Netherlands today began an arbitration procedure on the basis of the (United Nations) Convention on the Law of the Sea," Foreign Minister Frans Timmermans

Singapore's Keppel Corporation Ltd, the world's biggest offshore jackup drilling rig builder, said it plans to build its first yard in Mexico jointly with its

Authorities issued mandatory evacuation orders for low-lying areas south of New Orleans on Friday as a weakened Tropical Storm Karen closed in on the Louisiana

More than 300 people drowned or were feared dead after a boat packed with African migrants caught fire and sank off the southern Italian island of Lampedusa on

Tropical Storm Karen formed in the southeastern Gulf of Mexico on Thursday and could become a hurricane before hitting the U.S. coast between Louisiana and the

By Kathy Finn NEW ORLEANS, Oct 2 (Reuters) – BP’s manager in charge of controlling the Macondo blowout in 2010 was never trained to permanently

Divers have recovered what could be more human remains from the sea where the Costa Concordia cruise liner sank last year off the Italian island of Giglio, the