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N.Korean Navy Incursion Draws Warning Shots

A North Korean patrol boat crossed into South Korean waters early on Monday and retreated after the South Korean navy fired warning shots, a South Korean military official said.

DP World: Chairman also Appointed CEO

Dubai's DP World has appointed chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect, the port operator said on Monday, two weeks

Big Oil Shrinks and Plots the Way Forward

Companies seek to safeguard growth for when market recovers. As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades,

Allianz, BofA Invest in U.S. Wind Farms

Marks first wind investment by Allianz in USA; combined volume at more than 600 mln euros. Allianz and Bank of America are investing in two onshore wind parks developed by French utility EDF,

U.S.-Georgian Consortium Wins Black Sea Port Contract

A U.S.-Georgian consortium has been awarded a $2.5 billion contract to build and develop a deep-sea port in Anaklia on Georgia's Black Sea coast, as the tiny ex-Soviet

Emerging Markets Hit by Commodities, Credit and Currencies

The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. These three factors are often portrayed

Consol Energy Nominates Southeastern's CEO to Board

Consol Energy Inc said on Monday it nominated Bernard Lanigan, the chief executive of Southeastern Asset Management Inc, the coal and natural gas producer's largest shareholder,

Dye Test Planned on Potomac River Oil Sheen

The Unified Command is scheduled to conduct a dye test Monday in the Potomac River and Roaches Run Waterfowl Sanctuary near Arlington, Virginia, which may discolor portions of the river.

Top Deck Rejig at Yara

 Yara International ASA announces organizational and management changes, to improve strategic focus and execution. "After spending recent months visiting numerous Yara sites,

Transocean's Discoverer Deep Seas Contract Terminated

Transocean Ltd. (NYSE: RIG) announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate

Sulayem Gets DP World's CEO Role Too

DP World is pleased to announce the appointment of His Excellency Sultan Ahmed bin Sulayem as Group Chairman and Chief Executive Officer with immediate effect.

Bear Head to Export to Non‐FTA Countries

The U.S. Department of Energy (DOE) has issued final authorization for Bear Head LNG Corporation and Bear Head LNG (USA), LLC (together Bear Head LNG) to export

Shipping Industry Clean Up its Act

 Shipping impacts the world in many positive ways by enabling trade around the world, But despite all the positive impacts, you also have negative impacts, especially environmental impacts,

Sea Trade’s Problems Multiplying

 For good or for bad, shipping market analysts have looked at trade growth ‘multipliers’ for many years, says Clarksons Research.   In 2015 global seaborne trade is estimated to have grown by 2.

New Jersey Sues VW over Excess Diesel Emissions

New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action.

U.S., India in Talks to Settle Solar Power Trade Dispute

The United States and India are in talks that could settle a long-running solar power trade dispute, delaying the announcement of a ruling by the World Trade Organization,

Rosneft to buy back Purgaz

Rosneft is in talks with "Gazprom" to buy back its stake in the joint venture - the largest producer of gas, "Purgas". Experts argue that such a deal would solve

Siemens UK & Ireland partners with EFC group

Siemens UK & Ireland has formed a strategic partnership with oil and gas control system specialist, EFC Group, in a collaboration which promises to deliver innovative,

Brazil Police may Accuse Samarco Execs of Homicide in Dam Burst

Brazilian police have enough evidence to accuse executives of miner Samarco Mineração SA with homicide over a deadly dam burst in November, a police chief told newspaper Folha de Sao Paulo on Friday.

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

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