$250 Million and Call It a Day – BP Indemnifies Cameron in Deepwater Horizon Disaster
Cameron International Corporation (NYSE: CAM) said today that they have reached an agreement with BP to settle all claims between the two companies relating to
Cameron International Corporation (NYSE: CAM) said today that they have reached an agreement with BP to settle all claims between the two companies relating to
Two Somali men have been sentenced to life in prison for their role in the February hijacking of the S/V Quest and subsequent murder of the four Americans on
New Zealand’s maritime authority, Maritime New Zealand, has just issued a frightening report coming from a fishing vessel with 32 crew that is stranded
A fire broke out aboard the Russian nuclear-powered icebreaker, Valgach, killing two crew members and seriously injuring one. The fire occurred early
NEW ORLEANS (Dow Jones)–The U.S. oil-and-gas industry took another step out from the shadows of the Deepwater Horizon disaster on Wednesday when federal
The world’s largest gas powered ferry was named yesterday in a ceremony held at the Fiskerstrand Shipyard in Norway. Named the MF Boknafjord, the
HOUSTON (Dow Jones)–ConocoPhillips’s (COP) $103.2 million offer for the Keathley Canyon Block 95 was the highest bid in the first U.S. Gulf
Classification society Germanischer Lloyd said today that it has signed an agreement with Japanese shipbuilder IHI Marine United Inc. (IHIMU) to jointly
Two ships collided Tuesday morning while transiting the Houston Ship Channel north of the Texas City Dike in heavy fog, according to the USCG. Watchstanders at
WASHINGTON (Dow Jones)–Environmental groups are challenging the first auction of oil-drilling leases to be held in the Gulf of Mexico since the Deepwater
By JD, Somalia Report The number of pirate attacks off the Somali coast has declined considerably in recent weeks due to strong winds and storms with pirates
The captain of a Chinese fishing vessel has been arrested for fatally stabbing a South Korean Coast Guard officer who was trying to stop the ship in South
The U.S. Maritime Administration has announced that $9.98 million in federal funding is now available to qualified small shipyards in the U.S. Marad says the
Maersk and the U.S. Navy said today that they are collaborating on a R&D program that will test the use of algae-based biofuel on ships with the goal of
Standing on the bridge wing of a container ship years ago, a captain was telling me all about the Williamson Turn and how effective it was at putting his
Seven crewmembers of the small containership, Florece, were rescued from liferafts early this morning after the vessel sank following a collision with a larger
Kongsberg Maritime said today it has released a new Engine Room Simulator (ERS) model based on a Dual Fuel Diesel Electric (DFDE) Engine Room configuartion
gCaptain has just received the breaking news that the U.S. Department of Transportation will be shutting down the Global Maritime and Transportation School
The Volvo Ocean Race has revealed its anti-piracy plan, which will see the fleet transported by armed heavy lift ship from an undisclosed Safe Haven Port in
HOUSTON (Dow Jones)–Chevron Corp. (CVX) said Wednesday it expects to spend a record $32.7 billion on capital projects in 2012 as it continues to invest
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