By Agustinus Beo Da Costa JAKARTA, March 1 (Reuters) – Indonesian police on Thursday questioned the captain and crew of a luxury yacht seized in Bali at the request of U.S....

A former Louisiana maritime instructor has been indicted on federal charges for allegedly accepting cash payments to fraudulently certify individuals on critical maritime infrastructure equipment for which they never actually...

Glencore Plc was ordered to pay just over $40 million to OMV Petrom SA by a U.K. court for fraudulently shipping oil of a lower-than-purported quality to Romania in the 1990s.

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

Brazilian authorities are investigating foreign companies including AP Moeller-Maersk A/S over allegations they bribed Petroleo Brasileiro SA executives in exchange for contracts, widening the probe from local suppliers to companies working on oil projects around the globe.

Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.

Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms, said it faces possible bankruptcy after uncovering internal fraud.

Danish ship fuel supplier OW Bunker said it may go bankrupt after discovering fraud by unnamed senior employees in its Singapore-based subsidiary which will send it deep into the red this year.

Mexican authorities issued an arrest warrant for the chief executive officer of Oceanografia SA, the oil services provider seized by the government after Citigroup Inc.’s local unit alleged a $400 million loan fraud.