Oil prices have been cratering in the wake of Saudi Arabia’s decision to ramp up production and offer customers a discount for its crude. A decade ago, that would have been welcome news for the United States..
This month’s historic swoon in oil prices has some on Wall Street worrying that crude will settle in a range under $40 a barrel. For the industry’s hundreds of thousands of workers, the bigger worry is their jobs..
Bruised by plunging commodity prices and oversupply across the industry, US oil and gas companies have come into the sights of market speculators, who have placed huge bets against equity valuations in the sector..
Norwegian expedition cruise operator Hurtigruten and compatriot ferry companies Color Line and Fjord Line are laying off thousands of their employees due to the disruptions caused by the coronavirus pandemic..
The International Transport Workers’ Federation (ITF) has criticized flag states for failing to protect seafarers’ and passengers’ health during the humanitarian crisis caused by the coronavirus pandemic..
The issue of crew change that has arisen due to the coronavirus pandemic should be of particular concern to the international community, according to Guy Platten, Secretary-General at the International Chamber of Shipping (ICS)..