Japan's Nippon Yusen said on Wednesday it will invest in Pertamina International Shipping (PIS), a unit of Indonesia's state energy firm Pertamina, without disclosing terms of the deal. ,The move by Japan's biggest shipping company is aimed at expanding business in Indonesia…

U.S. energy envoy Amos Hochstein will be in Beirut next week carrying a copy of the maritime agreement with Israel for Lebanese officials to sign, Lebanese negotiator Elias Bou Saab told Reuters on Wednesday. The deal - hailed by all three parties…

Severe winds during a thunderstorm led to a loss of stability and ultimately the capsizing of the liftboat Seacor Power, the National Transportation Safety Board (NTSB) said Tuesday during a public board meeting. Of the 19 people aboard the vessel, six died and seven are missing, presumed dead.

Baglietto Navy, the military division of the historic shipyard based in La Spezia, announce it has formed a commercial partnership with MST Group, a company with headquarters in Bromborough (UK), specializing in the design and construction of military naval units up to 32m in length.