gCaptain – Maritime and Offshore News

Dec. 16 (Bloomberg) — Royal Dutch Shell Plc’s long-awaited sale of its $6.4 billion stake in Woodside Petroleum Ltd. may open the door for Asian

JERUSALEM, Dec 15 (Reuters) – Standard & Poor’s Maalot lowered its rating for Israeli shipping firm Zim to “CC” from

Dec. 15 (Bloomberg) — A Libyan rebel leader refused to hand over control of three oil ports to the government, keeping a lid on the North African

In the last week, the Chinese government announced a series of subsidies for the local shipping market. In general the program has as follows: Chinese

Walt Whitman was born in Long Island, New York, in 1819 to a barely literate mother of Dutch origin and a hard disciplinarian carpenter father of English

WASHINGTON, Dec 13 (Reuters) – A U.S. guided missile cruiser operating in international waters in the South China Sea was forced to take evasive action

The Grampian Protector, a 44-meter Emergency Response and Rescue Vessel was working in the North Sea last week during the nasty storm Xaver. One of the

Dec. 13 (Bloomberg) — Shipping is at the start of a two-year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and

BW Offshore announced today a Letter of Intent has been signed to acquire 30% of the Polvo oil field located in the Campos Basin offshore Brazil. The

By Mike Wackett The G6 Alliance’s plan to expand its scope on transpacific and transatlantic trade lanes is scheduled to be approved on January 16,

Dec. 13 (Bloomberg) — The European Union’s planned rules to monitor greenhouse gases from ships must be in line with international law to avoid

Samsung Heavy Industries confirmed today $300 million in newbuild orders have been placed for a pair of product tankers and a Liquefied Natural Gas Floating

Dec. 13 (Bloomberg) — Prosecutors are seeking the death penalty for two former Vietnam National Shipping Lines executives who went on trial yesterday for

In an exchange filing today, Hyundai Mipo Dockyard in South Korea announced  602.7 billion KRW ($573.4 million) order from BP Shipping for fourteen product

An early start to the ice season means the crew of the USCGC Mackinaw has to race to complete Operation Fall Retrieve, now at 85% completion, before the ice

Scorpio was able to raise $305 million in gross

An innovative and somewhat strange new icebreaking multipurpose emergency and rescue vessel has been launched at Arctech Helsinki

United Arab Shipping Company (UASC) has announced today plans to retrofit its future fleet of ultra-large (14,000 – 18,000 TEU) containerships with

This morning at around 7:42 local time, a Sikorsky S-76 helicopter carrying six oil and gas workers ditched some 150+ kilometers off Bintulu, Malaysia. The

Two Gulf Arab countries aim to take on the Caribbean as it seeks to become a major destination for cruise tourism, especially during the winter months in the

HSH Nordbank AG, the world’s largest shipping lender, said new loans to businesses surged about 30 percent this year, after Moody’s Investors

Tsakos Energy Navigation Limited (NYSE:TNP) has announced today strategic partnership with Statoil involving the construction and chartering of five to nine

Oil production from North American shale fields will outpace every member of OPEC except Saudi Arabia within two years, according to ExxonMobil Corp., the

Rates for capesize bulk carriers on key Asian routes are set to remain firm going into next week due to bad weather in Australia and buoyant fixture activity

Singapore's Keppel Corporation Ltd, the world's top offshore drilling rig maker, said it plans to build its first drillship despite not having a buyer lined