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A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose the most in six weeks in Copenhagen trading on bets a deal on the U.S. budget

Update from USCG on the disabled Aiviq and Shell’s Kulluk drilling unit near Kodiak, Alaska. At this point it seems that the Aiviq’s engines cut

The drought-hit Mississippi River will stay open to commerce a few days longer than expected following the release of water from a lake in southern Illinois, a

By Chuin-Wei Yap And Sameer Mohindru China’s growing hunger for seafood is testing relations with other countries and worrying foreign officials and

Matson, Inc. (NYSE: MATX), the leading U.S. carrier in the Pacific, announced this week that it has struck a deal to acquire the primary assets of Reef

By Shane Romig BUENOS AIRES–Argentina’s coast guard has detained two Chinese ships as it steps up efforts to prevent illegal fishing in its waters.

Somali pirates have released 22 hostages held since March 2010 aboard the M/V Iceberg 1, according to a statement by officials in Somali’s

ROME – Two Italian marines on anti-pirate duty charged in India with killing two fishermen in February arrived home on Saturday for a family Christmas

Fincantieri SpA agreed to buy a controlling stake in STX OSV Holdings Ltd., the world’s biggest maker of oil-rig support vessels, for 455 million euros

An Argentine naval vessel detained in Ghana at the request of a hedge fund seeking payment on defaulted government bonds left the West African country on

Damen Shipyards Group announced Wednesday that it is has acquired the French ship repair yard Arno Dunkerque, the sole operator for ship repair and conversion

By Tim Jones The drought-depleted Mississippi River was closed to traffic today south of St. Louis as the U.S. Army Corps of Engineers reported progress

The National Shipbuilding Research Program (NSRP) announced Tuesday that its Executive Control Board has selected nine major research and development projects

By Adrian Croft BRUSSELS – Pirate attacks off the coast of Somalia have dropped sharply this year but piracy remains a viable “business

Houston-based Kirby Corporation said Monday that the company has completed its recently announced purchase of Penn Maritime as the United States’ inland

Rickmers-Linie announced today their plans to build a pair of 20,000 DWT multi-purpose break bulk vessels at Hudong-Zhonghua Shipbuilding in China.  Scheduled

By Alex Cuadros and Jonathan J. Levin The International Tribunal for the Law of the Sea ordered Ghana to immediately release Argentine naval ship ARA

By Jeb Blount RIO DE JANEIRO – Chevron Corp is willing to pay about 300 million reais ($144 million) to settle lawsuits in Brazil over an oil spill last

Helix Energy Solutions Group (NYSE: HLX) announced yesterday they are now a pure-play offshore invention and robotics company after having sold off their

A 441-foot Liberian-flagged freighter that ran aground in Charleston Harbor Tuesday after losing propulsion has been refloated, the Coast Guard says. No damage