European Oil Majors' Profits Top $89bn in Nine Months
Six big European oil companies made more than double last year's profit in the first nine months of 2026, as the war with Iran lifted oil prices, a Global Witness analysis found.
Category: Economy
LA and Long Beach Watchmen Strike Delayed Until Nov 4
Port employers and the ILWU's Local 26 have extended talks, postponing a walkout of about 250 maritime watchmen that was threatened for 1 November at the two busiest US container ports.
Grimaldi Warns US Port Fees Could Pull Ships From American Trades
In a filing to the US Trade Representative, Italy's Grimaldi backs extending the suspension of Section 301 port fees and asks for permanent relief for foreign-built vehicle carriers.
Dockworkers Stage Strikes and Protests at 113 Ports
Dockworkers in 22 countries took part in the "Dockworkers Don't Work for War" action against arms shipments through commercial ports. Organisers say 52,000 containers could be delayed.
BP Posts Highest Quarterly Profit Since 2008
Higher refining margins during the Middle East war nearly quadrupled BP's underlying profit to $8.46bn. Campaigners criticised the result.
Shell Profit Doubles to $10.8bn as Oil Prices Climb
Shell reported an adjusted third-quarter profit of $10.8bn and raised its share buyback to $5bn. Greenpeace criticised the result.
Creditors Vote on £2.4bn Emergency Loan for Thames Water
A creditor consortium is deciding whether to lend Thames Water a further £2.4bn. Campaigners say it could add to household bills. The company and the creditors deny that.
LA and Long Beach Ports Name LNG and Methanol Top Fuels
A joint feasibility study sees LNG and methanol as the most viable alternative marine fuels and proposes a phased build-out of bunkering at San Pedro Bay.
35,700 Containers Wait for Trains at LA and Long Beach Ports
Record cargo and railcar shortages have slowed inland moves, with nearly 30% of the rail-bound boxes at the two ports waiting nine days or longer.
Port Houston Container Volumes Rise 11% on Strong Imports
Port Houston handled 376,419 TEUs in September, with imports up 16% and steel shipments sharply higher.
MPs Call Sizewell C Funding Plan a "Terrible Deal" for Taxpayers
The public accounts committee says the cost of the Suffolk nuclear plant could reach almost £48bn, with taxpayers and consumers facing a "high level of risk".
US Awards $498m for 35 Port Projects, Below Recent Years
The Maritime Administration will fund dock replacements, cranes and monitoring systems in 19 states. The round is smaller than each of the previous four.
Port Watchmen Threaten Strike at Eight LA and Long Beach Terminals
ILWU Local 26 says its members may walk out on 1 November when a contract extension ends. The dispute covers security staff, not dockworkers.
UK Firms in Financial Distress Reach Highest Level Since 2004
Insolvency practitioner BTG counts 738,144 British businesses in significant distress, as the chancellor prepares his first budget.
India Approves $45m Dredging Aid for Kolkata Port
The Finance Ministry has cleared central support for two years of maintenance dredging by the Syama Prasad Mookerjee Port Authority, with conditions from the 2026-27 financial year.