There are cyclical industries, and there's the defense industry. In wartime, billions of additional dollars flow to defense contractors from the U.S. government, and in peacetime, Congress tightens the money spigot. It's a cycle that all contractors are used to, except this time around there's an added dimension: the Budget Control Act of 2011 and sequestration.

Advanced emissions monitoring of large ships calling at EU ports could help save owners and operators of large ships up to 9m Euro ($12.2m) a year, according to a new study published by sustainable transport group T&E.

Chinese companies are on a North American buying spree, investing $14bn in the U.S. last year, a record high, says a new report by New York's Rhodium Group.

The Abu Dhabi Ports Company says it will refuse entry to older oil tankers as it continues its endeavor to protect the environment and guarantee safety in all of its ports.

Early in the new year the Obama administration and Congress find themselves grappling with a scenario that was unthinkable just a short time ago: What to do with the domestic oil flowing out of West Texas, North Dakota and other states?