Monday, April 7, 2014
port hole ship
Finance

A Porthole of an Exit Window for Shipping Investments?

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the

April 7, 2014
Total Views: 52

U.S. Navy Ready to Deploy Laser Weapon Prototype
Navy

U.S. Navy Ready to Deploy Laser Weapon Prototype

The U.S. Navy is getting ready to deploy a prototype laser weapon technology reminiscent of something you would expect to see in a Star Wars movie. The

April 7, 2014
Total Views: 262

gCaptain Radio Episode 39: It’s OK, the Coast Guard will save me
Uncategorized

gCaptain Radio Episode 39: It’s OK, the Coast Guard will save me

This week marks the 39th episode of gCaptain Radio sponsored by Six Maritime. gCaptain Radio is a weekly talk show discussion with gCaptain founder John

April 7, 2014
Total Views: 18

osg
Finance

Overseas Shipholding Approved to Sign $300 Million Equity Deal

Overseas Shipholding Group Inc. won court permission to sign a deal with its lenders that would raise $300 million from a share sale as part of the company’s

April 7, 2014
Total Views: 1233

Saltchuk Acquires Tropical Shipping for $220 Million
News

Saltchuk Acquires Tropical Shipping for $220 Million

A subsidiary of Seattle-based Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding

April 7, 2014
Total Views: 188

Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion
News

Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion

By Andrew Noel and Veronica Ek April 7 (Bloomberg) — Alfa Laval AB agreed to buy Norwegian pumpmaker Frank Mohn AS, the manufacturer of Framo

April 7, 2014
Total Views: 188

BG Group to Move LNG and Oil Marketing to Singapore
News

BG Group to Move LNG and Oil Marketing to Singapore

By Chou Hui Hong April 7 (Bloomberg) — BG Group Plc, Britain’s third- largest natural gas producer, will move its global headquarters for marketing LNG

April 7, 2014
Total Views: 108

polar due seismic vessel array dolphin geophysical
News

Ships Move World’s Largest Floating Object

The sheer expanse of the world’s oceans is beyond the realm of comprehension for most.  Only those have crossed oceans from a sea-level perspective, or

April 7, 2014
Total Views: 404

Libya’s Ports Prepare To Load Oil Tankers After Deal – UPDATE

Libya’s Ports Prepare To Load Oil Tankers After Deal – UPDATE

By Ahmed Elumami TRIPOLI, April 7 (Reuters) – Libya’s Zueitina oil port prepared on Monday to load crude on tankers after the government reached a

April 7, 2014
Total Views: 13

Sunday, April 6, 2014
towed pinger locator
News

U.S. Navy’s Towed Pinger Locator Detects Possible Signs of MH370

950 miles northwest of Perth, Australia, the U.S. Navy’s towed pinger locator (TPL) may have found the tell-tale pings of the black box from MH370.

April 6, 2014
Total Views: 56

Singapore to Become Asian LNG Hub by 2018 -Government
News

Singapore to Become Asian LNG Hub by 2018 -Government

By Chou Hui Hong April 7 (Bloomberg) — Singapore’s political neutrality and English-speaking workforce will help the city-state become an Asian hub for

April 6, 2014
Total Views: 54

Sick Infant, Family Safely Aboard Navy Ship Following Pacific Ocean Rescue
Shipping News

Sick Infant, Family Safely Aboard Navy Ship Following Pacific Ocean Rescue

A family with a sick infant safely boarded a Navy ship Sunday morning several hundred miles off the coast of Mexico following a coordinated rescue by Coast

April 6, 2014
Total Views: 35

Australian Natural Gas Industry Wants to Curb Pay
Offshore

Australian Natural Gas Industry Wants to Curb Pay

By James Paton April 7 (Bloomberg) — The Australian government should act to rein in rising labor costs that threaten a potential A$180 billion ($167

April 6, 2014
Total Views: 34

Cameras Roll as Hansa Containership Runs Aground in Hong Kong – VIDEOS
Shipping News

Cameras Roll as Hansa Containership Runs Aground in Hong Kong – VIDEOS

A 631-foot containership apparently veered off course while sailing in Hong Kong’s East Lamma Channel Sunday and ran straight into a sea wall leaving

April 6, 2014
Total Views: 517

rolls royce thrusters
Engineering News

More Deepwater Rigs in the Gulf Mean Busy Days Ahead for Rolls-Royce

I met up with the folks at Rolls-Royce the other week at their service center in Galveston, Texas for a quick update on their operations. With more and more

April 6, 2014
Total Views: 125

Saturday, April 5, 2014
Join gCaptain’s Career Page – The Latest Featured Jobs
News

Join gCaptain’s Career Page – The Latest Featured Jobs

Make sure to post and update your Resume or CV. There are lots of new Employers on the job board browsing the Resume Database Here’s the latest Featured

April 5, 2014
Total Views: 16

flight data recorder
News

“Black Box” Possibly Detected by Chinese Warship

By Siva Govindasamy and Swati Pandey KUALA LUMPUR/PERTH, Australia, April 5 (Reuters) – A Chinese patrol ship hunting for a missing Malaysia Airlines

April 5, 2014
Total Views: 53

Friday, April 4, 2014
Genco Tiberius shipping capesize
Shipping News

Genco Reaches Bankruptcy Restructuring Deal

April 4 (Reuters) – Genco Shipping & Trading Ltd will cut its debt by more than $1 billion by giving control of the company to its lenders in a

April 4, 2014
Total Views: 54

Houston Ship Channel Spill Exposes Risks in Busy Shipping Lane
News

Houston Ship Channel Spill Exposes Risks in Busy Shipping Lane

By Harry R. Weber and Dan Murtaugh April 4 (Bloomberg) — By the time the ships’ pilots realized they were on a crash course, it was too late. The

April 4, 2014
Total Views: 50

c-retriever PSV
Interesting

Kidnapped off Nigeria – An American Ship Captain Unveils the Truth

Surrounded by rolling cornfields, Sidney, Illinois is a sleepy midwestern town with a population hovering just above 1,000. Captain Wren Thomas III grew up on

April 4, 2014
Total Views: 706