Reuters

With a storage capacity of 2.3 million barrels, the FPSO is believed to be the largest ever built.

A.P. Moller-Maersk will pay about $100 million less than predicted for 20 mega-size container vessels ordered from Korea's Daewoo Shipbuilding & Marine

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the fifth straight day on Wednesday, as

After two days trapped in freezing cold water and breathing from an air bubble in an upturned tugboat 30 meters below the surface, Harrison Okene was sure he

The U.S. Energy Information Administration said on Tuesday it expects greater losses in Gulf of Mexico oil and natural gas production from tropical storms than

South Korean container shippers are joining a wave of their international peers in giving up on Iranian business ahead of new U.S. sanctions in July, adding to

Drybulk shipper Excel Maritime Carriers Ltd intends to file for Chapter 11 bankruptcy making it the latest victim of a downturn in the shipping

A Kenyan court sentenced nine Somali citizens each to five years in prison on Monday after finding them guilty of violently hijacking a vessel, MV Magellan

OSLO, June 10 (Reuters) – Malaysian offshore oil services firm Yinson Holdings Bhd is bidding $170 million for Norwegian shipping firm Fred. Olsen

(Reuters) The thud of bullets smacking into his wooden fishing boat jolted captain John Freddy out of his afternoon nap. He saw one of his crew slumped dead

(Reuters) – The U.S. Department of Interior announced this week that the Bureau of Ocean Energy Management (BOEM) will hold the first ever competitive

(Reuters) – Argentina has sent its first major cargo of genetically modified (GMO) corn to China, where demand for grain-based animal feeds is growing as

(Reuters) STX Pan Ocean – owner of 97 bulk vessels, 249 chartered-in ships and open contracts for 28 newbuilds – filed for court receivership on

(Reuters) Russia has deployed a naval unit to the Mediterranean Sea, it said on Thursday, a move President Vladimir Putin said was to defend Russian security

The Mississippi River was reopened on Thursday along a five-mile stretch near St. Louis as waters receded after one of the worst floods on record halted barge

Britain's competition watchdog has barred France's Groupe Eurotunnel from docking its ferries at Dover for at least two years over purchase of three

Pirates have released five Pakistani crew they kidnapped from an oil tanker off the Nigerian coast two weeks

Shipping magnate John Fredriksen sees no quick turnaround on the market for crude oil tankers, but is more optimistic about the outlook for other arms of his

A code regulating shipping in the high Arctic, where maritime traffic is expected to increase as the ice cap recedes, is due to be implemented in

Yes. Sting, the