News

By Mike Wackett (The Loadstar) – Hapag-Lloyd recorded a profit of $46m in the final three months of 2016– a recovery too little too late to prevent the

DryShips Inc. (NASDAQ: DRYS) announced Monday that it has entered into agreements to acquire four modern Newcastlemax bulk carriers as the company continues to

Salvage crews in South Korea are getting ready to move the Sewol ferry from the salvage site off Jindo Island to Mokpo, where a search for the nine missing

By Christopher Langner (Bloomberg Gadfly) — When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even

March 27 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year

Norwegian offshore supply vessel companies Solstad Offshore, Farstad Shipping, and Deep Sea Supply are forging ahead with plans to combine operations with the

It was over 100 ago when the RMS Titanic sank after colliding with an iceberg four days into her maiden voyage from Southampton, England to New York City. Now,

By Maha El Dahan and Michael Georgy SHARJAH, United Arab Emirates, March 24 (Reuters) – Captains of small wooden dhows are carrying food and wares from

A crew member of an offshore supply vessel in the Gulf of Mexico claims he saw a UFO ‘fives times’ the size of his vessel and UFO

By Abdiqani Hassan BOSASSO, Somalia, March 24 (Reuters) – Pirates have seized control of a Somali fishing boat to use as a base from which to attack

By Joyce Lee SEOUL, March 24 (Reuters) – Daewoo Shipbuilding & Marine Engineering Co Ltd’s CEO Jung Sung-leep said he believes he should step

Hi All, We’re excited to announce the launch of the new gCaptain Forum! Don’t worry, nothing about the old gCaptain Forum has changed, it

By Jessica Shankleman (Bloomberg) — Big oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea. Royal Dutch

By Ole Petter Skonnord OSLO, March 23 (Reuters) – Privately-owned shipping firm BW Group became the top shareholder in tanker firm DHT Holdings on

By Mikael Holter (Bloomberg) — Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping

By Ju-min Park SEOUL, March 23 (Reuters) – A South Korean ferry that sank nearly three years ago, killing 304 people, most of them children on a school

By Joyce Lee SEOUL, March 23 (Reuters) – South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding &

By Debjit Chakraborty and Saket Sundria (Bloomberg) — India’s Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc

By Teis Jensen COPENHAGEN, March 22 (Reuters) – Shipping and oil company A. P. Moller-Maersk on Wednesday reached an agreement with the Danish state that

The U.S. Department of the Interior has announced that Wednesday’s lease sale for all available oil and gas parcels in the central Gulf of Mexico yielded