The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development.Klein will take over for the current head of the Bureau of Ocean Energy Management…

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Tuesday, on lower rates for all vessel segments as panamaxes hit their lowest level in two years.The overall index, which factors in rates for capesize, panamax, and supramax shipping ves

U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday.Demand for kitchen appliances, furniture, big-screen TVs, apparel and other…

Five mariners were rescued by the crew of a U.K. Royal Navy patrol ship after their tug started to sink in rough seas last week in the Caribbean.The oceangoing tug began taking on water after suffering an engine failure some 20 miles west of Sint Maarten.