News

The world’s first Modular Capture Vessel (MCV) was delivered today from Drydocks World to Singapore-based AET. Named Eagle Texas, the vessel was

Diana Containerships Inc. (Nasdaq:DCIX) has signed two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels,

Ulstein announced today that the Nantong Rainbow Offshore & Engineering Equipments Co., Ltd. (aka ROC yard) located in Jiangsu Province, China, has been

Navios Maritime Acquisition Corporation (NYSE: NNA) announced today they have acquired the 2003-built VLCC Nave Celeste for purchase price of $35.4 million.

Amateur photographer Penny Foyn from South Africa sent us this image yesterday of the grounded bulk carrier Kiani Satu taken with her Olympus OM-D E-M5.

Aug. 13 (Bloomberg) — The biggest advance since 2010 in the price of secondhand commodity carriers is boosting ship owners from Golden Ocean Group Ltd.

Aug. 13 (Bloomberg) — The seaborne iron ore market is poised for at least four years of expanding gluts as producers from Rio Tinto Group to Vale SA

India's first indigenous aircraft carrier, INS Vikrant, built for the Indian Navy, was launched Monday at the Cochin Shipyard in the southern Indian city of

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell 5 points on Monday to its lowest since June

According to Turkish media, two workers from the Izmir Ship Recycling Co. in Turkey were killed, and nine others injured while working to dismantle the MS

Aug. 12 (Bloomberg) — McDermott International Inc. is so beaten down that buyers can snap up the offshore oilfield- construction company and its fleet at

An anonymous gCaptain contributor sent us images of the heavy lift semi-submersible Saipem 7000 lifting the 11,500 ton accommodation block atop the

A 50/50 joint venture between DOF Subsea and Technip has just won a USD $3.4 billion contract from Petrobras for the construction and operation of four new

LONDON, Aug 12 (Reuters) – Striking security guards again halted loadings at Libya’s two largest crude oil export terminals, Es Sider and Ras

By Keith Wallis SINGAPORE, Aug 12 (Reuters) – Soaring imports of wheat by China and Pakistan are set to drive up freight rates for smaller dry bulk cargo

Aug. 12 (Bloomberg) — China grew into the world’s leading shipbuilder over the last decade as hundreds of private yards opened to compete with

Utor is now a Super Typhoon with max winds of about 130 knots as it approaches the coast of Luzon and could be as strong as 135-140 knots in

Oil leaking from the bulk carrier Kiani Satu, which ran aground in heavy weather on Thursday has forced South Africa's Department of Environmental Affairs, in

By Mohammed Mukhashaf ADEN, Aug 11 (Reuters) – Suspected al Qaeda militants killed four Yemeni soldiers in their sleep early on Sunday in an attack on

Aug. 8 (Bloomberg) — Vale SA, the biggest iron-ore producer, forecasts the steel-making ingredient’s main buyer China will increase steel output