gCaptain – Maritime and Offshore News

John Fredriksen, through his company Geveran Trading Co. Limited, has become the largest shareholder of Norwegian offshore wind service company, Edda Wind. In

By Bloomberg News (Bloomberg) — Russia’s state-controlled gas giant reported its first annual net loss since 1999 on falling shipments to Europe and

(Bloomberg) — Port of Antwerp Bruges plans to develop a €250 million ($267 million) hydrogen and ammonia storage and export facility at the Namibian

Ocean carriers are walking a tightrope between risk and reward in new long-term contract negotiations, as uncertainty in the Red Sea continues to cast a shadow

By Malte Humpert (gCaptain) – In an effort to further disrupt Russia’s ability to develop Arctic gas and oil projects the U.S. State Department

LONDON, May 2 (Reuters) – Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of

A.P. Moller – Maersk has revised its financial guidance for 2024 after a strong Q1. The company now expects an underlying EBIT of USD -2.0 to 0.0 billion

By Mehnaz Yasmin and Granth Vanaik May 1 (Reuters) – Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday,

Offshore drilling contractor Transocean has announced securing an offshore drilling contract above the highly coveted $500,000 day rate mark amid continued

The March 26 collapse of the Francis Scott Key Bridge and subsequent closure of the Port of Baltimore has led to the diversion of containers originally bound

May 1 (Reuters) – Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline

(Bloomberg) — The expanded Trans Mountain pipeline has entered commercial operation, concluding a decade-long wait for one of Canada’s largest and most

By Bloomberg News (Bloomberg) — China’s largest and most advanced warship has begun its first sea trial, paving the way for the country to enhance its

SAO PAULO, May 1 (Reuters) – The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama

Alphaliner reports a record month for containership newbuild deliveries in April, surpassing the previous record set in March. A staggering 50 new ships were

A new video released by the Iranian-backed Houthis appears to show an attack on a Maltese-flagged bulk carrier in the Red Sea on Monday. The footage, which has

LIMA, April 29 (Reuters) – The Peruvian government is looking to avoid an international arbitration process which could be filed by

By Peter Martin and Andreo Calonzo (Bloomberg) — The Philippines is weighing a new approach in the South China Sea where increasing encounters with

April 30, 2024: Coast Guard Announces Plans for 45-Foot-Deep Channel The U.S. Coast Guard Captain of the Port (COTP) has announced plans to open a 45-foot-deep