Rem Offshore Secures New Contracts Worth $140 Million, Doubling Backlog
Norway-based Rem Offshore (OSE: REM) has announced new long-term contracts worth US $140 million (NOK 1.5 billion), doubling the offshore vessel
Mike Schuler is the Managing Editor of gCaptain, where he has led editorial operations since June 2008. He oversees daily news coverage on global shipping, maritime security, offshore energy, and industry policy, and has built a reputation for delivering timely and insightful maritime news—often breaking key stories that influence industry discussions. Mike holds a Bachelor of Science in Business Administration with a focus on Financial Management from The Catholic University of America, and a certificate in Data Analytics and Visualization from the University of Arizona. Before joining gCaptain, he held positions at Intrawest Hospitality Management and Union Beer Distributors. His expertise spans supply chain and logistics, energy policy, global trade dynamics, and maritime security. Mike's reporting is known for its clarity, accuracy, and ability to explain complex maritime topics to broad audiences.
Norway-based Rem Offshore (OSE: REM) has announced new long-term contracts worth US $140 million (NOK 1.5 billion), doubling the offshore vessel
Israeli container shipping line ZIM announced its financial results for the third quarter of 2023, reporting a $2.2 billion loss driven by a massive $2 billion
Cargo moving through the Port of Long Beach saw a significant increase in October, marking the second consecutive month of year-over-year growth. The port
Turkish authorities have seized nearly 52 kilograms of cocaine that was found wrapped in plastic and tied to the chain of a ship’s anchor. The operation
Wärtsilä has unveiled the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel. The Finnish technology group
The Isle of Man Ship Registry (IOMSR) is expanding its presence in northern Europe with the appointment of a business development manager to focus on the
South Korean shipbuilder Hanwha Ocean has secured a $498 million order for four very large ammonia carriers (VLAC) from Greece-based LPG shipping company
North America’s liquefied natural gas (LNG) export capacity is set to more than double by the end of 2027 with the addition of new LNG export terminals
This is a fascinating interview with an interesting backstory of how it came to be. A few months ago Youtuber Noah Kagan was out on the streets of New
South Carolina Ports (SC Ports) announced impressive performance for the month of October, with container volumes showing signs of recovery and even reaching
The U.S. Coast Guard is currently conducting a search for a 28-year-old man who is unaccounted for from the Carnival Glory cruise ship. The man has been
ExxonMobil has announced the start of production at Payara, the third offshore oil development on Guyana’s Stabroek Block, bringing total production
In a significant milestone, the decommissioning of the Navy’s radiologically impacted Surface Ship Support Barge (SSSB) has been completed at the
The cost of fuel in shipping’s energy transition will increase along with compliance costs, according to an executive at Yara Marine Technologies. The
Davie Shipbuilding, Canada’s largest shipbuilder and partner in the country’s National Shipbuilding Strategy, has successfully completed the
Oslo-based Odfjell SE, a leading global chemical tanker company, has announced the expansion of its fleet with the addition of six newbuildings. The vessels
Capital Product Partners L.P. (NASDAQ: CPLP) has announced its entry into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP L.L.C.
French shipping company CMA CGM saw a significant decline in profit during the third quarter of 2023, as the container shipping market continued to return to
Global marine insurance premiums in 2022 increased by 8.3% to $35.8 billion, driven by trade rebound, rising asset values, reduced market capacity, and premium
Seaspan Shipyards, a leading ship repair and maintenance company in Canada, has unveiled plans for upgrades and expansion of its Vancouver Drydock. The
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