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Earnings for tankers carrying 20,000 metric-ton cargoes in stainless-steel tanks will rise 12 percent to an average of $14,500 a day next year, the most since

The last remaining Somali pirate-held vessel was on the move this weekend and is now anchored just off the Somali coast, according to the European Union Naval

Tropical Storm Flossie, which may become the first such system to hit Hawaii in 21 years, closed ports as it pounded parts of the state with

If Jim Chanos is correct in his assessment of Caterpillar and the commodity supercycle, particularly the mining business, the implications for dry bulk

Another Deepwater Horizon aftershock today with Halliburton, the contractor in charge of the cement job that was supposed to keep the Macondo well from blowing

A Halliburton Co. unit will plead guilty to destroying tests on cement work done on a BP Plc-owned oil well that exploded and caused the 2010 Gulf of Mexico

Hercules Offshore (NASDAQ: HERO) reported Tuesday that it is experiencing a well control incident on its jackup drilling rig, Hercules 265, in the U.S. Gulf of

The International Maritime Organization has issued a statement that IMO Secretary-General Emeritus, Dr. C.P. Srivastava, KCMG, has died in Italy at the age of

By Rujun Shen and Yantoultra Ngui SINGAPORE/KUALA LUMPUR, July 22 (Reuters) – From hauling rigs to delivering toilet paper, firms from Southeast Asia are

A look "under the hood" of the World's Largest container ship ever built. The engine that powers the Emma

Overflight shows pirates still hold the FV Naham 3 but still no signs of missing MV Albedo

By Nidhi Verma NEW DELHI, July 18 (Reuters) – India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co

Italy and Malta’s prime ministers reached an agreement today for joint oil and gas exploration in the Mediterranean Sea between the islands of Sicily

Kidnappings of sailors on merchant ships in waters off Nigeria and nearby countries surged in the first half as pirates attacked a broader range of vessels and

Rates to ship liquefied natural gas and petroleum products would jump if turmoil in Egypt disrupts the Suez Canal, extending the historical effect on crude-oil

Two lifeboats from the pirated MV Albedo have been found washed up on a Somali beach just north of where the ship sank, but there are still no signs of the 15

SAO PAULO, July 10 (Reuters) – Dock workers at Brazil’s key shipping port of Santos, the largest in South America, started a 24-hour strike on

Three Somalis were convicted on Monday of piracy, kidnapping and murder in the 2011 shooting deaths of four Americans sailing in the Indian Ocean off of Oman

The American Bureau of Shipping announced Tuesday that James A. Watson, Director of the Bureau of Safety and Environmental Enforcement (BSEE), will join ABS as

A strike by canal workers that has blocked cargo shipping in west and south Germany is set to spread to other parts of the country, the trade union leading the