News

AMAZONAS, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this morning after

(Bloomberg) — The world’s oldest shipping company sold its last vessel and is going out of business, according to the liquidator. Stephenson Clarke

Teekay Corp.’s (TK) second-quarter loss narrowed as the tanker-ship company saw revenue rise and voyage expenses decline, as it also recorded a foreign

(Bloomberg) — A.P. Maersk-Moeller A/S’s planned fleet of the world’s largest container vessels will be as groundbreaking for their shape as

(Corrects storage location in first paragraph of story published Aug. 9. Company corrects rate in second.)  (Bloomberg) — Golar LNG Ltd., a company

By Ensign Joseph P. Walter, US Navy For years now there has been talk about how the Arctic is heating up—both in the physical sense and in terms of

In their second quarter earnings report, Wilh. Wilhelmsen ASA (WWASA) reports further growth led to record high total income and operating profit. “We

PANAMA CITY, Panama – Following the recommendation from the Board of Directors of the Panama Canal Authority (ACP), the Cabinet Council of the Government

Singapore-based Sembcorp Marine announced today that they have secured contracts worth approximately USD $4 Billion from Sete Brasil ParticipacÇ’es S.A.

(Bloomberg) — Neptune Orient Lines Ltd. said its container-shipping arm, Asia’s third-biggest, had the first quarterly profit since 2010 because of

Tidewater Inc.’s (TDW) fiscal first-quarter earnings rose 34% on higher vessel revenue in its Sub-Saharan Africa/Europe regions, though American vessel

LONDON–BP PLC (BP) is exploring options for importing liquefied natural gas to India through its joint venture with Reliance Industries Ltd.

We’ve had a few requests for more tugboat coverage on gCaptain, so here ya go… This video shows the Ocean Wave on builders trials.  She is the

(Dow Jones) Ronai and Ronai LLP, a U.S.-based law firm, filed a $400 million compensation claim demanding payment from the operators of Italian cruise liner

Norway-based accommodation rig operator Prosafe, announced today that they will be selling their jack-up hotel, the Safe Esbjerg, to a buyer in South East

(Bloomberg) — The cheapest iron ore in 31 months and the lowest shipping costs on record are poised to increase the number of cargoes going to China,

Principals of Rethymnis & Kulukundis Ltd., the UK-based shipbrokers and agents, have taken delivery of the first vessel built at Daewoo Shipbuilding and

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) Tuesday said it has firmed up contracts to build five additional semisubmersible drilling rigs for Sete Brasil

SOUTHPORT, CT– The North American Marine Environment Protection Association Founding Chairman, Clay Maitland, announced that United States Coast Guard

(Bloomberg) — Daily rates for Panamax vessels, that typically haul coal and grains, plunged to the lowest in more than eight weeks as a glut of ships