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The United States will ship its first liquefied natural gas (LNG) cargo through an expanded Panama Canal next week. The waterway shaves distances between export plants dotted along the Gulf of Mexico and Asia to 9,000 miles from 16,000, allowing U.S...

The European Commission said on Friday it had referred Greece to Europe’s top court for not recovering state aid granted to Hellenic Shipyards, asking for a fine of around 6 million euros ($6.6 million) over what the EU executive deemed unlawful subsidies...

Deep Sea Supply PLC is pleased to announce extensive amendments to its loan facilities and an agreement with DPC Serviços de Óleo e Gás relating to a roll-up of DPC’s 50% stake in the joint venture DESS BTG currently owned 50/50 between DPC and the Company...

Safe Bulkers announced that it has agreed with the Royal Bank of Scotland to amend certain financial covenants and terms to an existing term loan facility with an outstanding balance of US $73.4 million. Following this amendment the term loan facility...

A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week, as the spread between near-term and future delivery prices reached its widest in five months...