News

By Mikael Holter (Bloomberg) — Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping

By Ju-min Park SEOUL, March 23 (Reuters) – A South Korean ferry that sank nearly three years ago, killing 304 people, most of them children on a school

By Joyce Lee SEOUL, March 23 (Reuters) – South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding &

By Debjit Chakraborty and Saket Sundria (Bloomberg) — India’s Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc

By Teis Jensen COPENHAGEN, March 22 (Reuters) – Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that

The U.S. Department of the Interior has announced that Wednesday’s lease sale for all available oil and gas parcels in the central Gulf of Mexico yielded

By Mike Wackett (The Loadstar) – The delay in the merger between Hapag-Lloyd and UASC is due to some of the Gulf carrier’s creditor banks “seeking

By Sami Aboudi ABOARD THE USS GEORGE H.W. BUSH, March 22 (Reuters) – U.S. Navy commanders accused Iran of jeopardizing international navigation by

By Elida Moreno and Marianna Parraga PANAMA CITY/SAN ANTONIO, March 22 (Reuters) – Royal Dutch Shell agreed to lease capacity at a large oil terminal in

By Heekyong Yang SEOUL, March 22 (Reuters) – Salvage experts in South Korea prepared on Wednesday to begin raising a ferry that sank nearly three years

By Jonathan Saul and Keith Wallis LONDON/SINGAPORE, March 22 (Reuters) – The U.S. Justice Department has ordered top executives from several container

A major search is underway in Spain for two people still missing after a Russian tanker collided with a fishing vessel off the coast of Barcelona on

By J. Michael Cavanaugh, Eric Lee (Holland & Knight) – Rep. John Garamendi (D-Calif.), joined by Reps. John Duncan (R-Tenn.) and Duncan Hunter

Crowley Maritime Corp. has announced the launch of its first Commitment-class ship the El Coquí, one of the world’s first combination

(Moore Stephens LLP) – Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey

OSLO, March 21 (Reuters) – Statoil confirmed on Tuesday its cost estimate for developing Norway’s Johan Sverdrup oilfield, the largest North Sea

By Abdiqani Hassan BOSASSO, Somalia, March 21 (Reuters) – The head of anti-piracy operations in the semi-autonomous Puntland region of Somalia said he

The Panama Canal has marked the 1000th Neopanamax vessel to use the waterway since the inauguration of the Expanded Canal less than nine months ago.

By Abdiqani Hassan BOSASSO, March 19 (Reuters) – Somali officials whose forces freed a hijacked oil tanker and its eight Sri Lankan crew said on Sunday

By Mark Shenk (Bloomberg) — Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures