gCaptain – Maritime and Offshore News

Overseas Shipholding Group Inc. is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt

SINGAPORE–Keppel Corp. Ltd. (BN4.SG) Tuesday said unit Keppel FELS Ltd. has signed a US$315 million contract to build a semi-submersible accommodation

(Bloomberg) — D/S Norden A/S, Europe’s biggest commodity shipping company, is poised for a second consecutive quarterly profit after concluding

Aker Philadelpha Shipyard (Oslo: AKPS) breathed a huge sign of relief today as it signed a contract with Jacksonville-based Crowley Maritime Corporation for

John Fredriksen’s Frontline 2012 announced Monday that the company has placed an order for two VLGC’s marking the recently spun off tanker

The UK’s Ministry of Defence on Monday offered its first look at the basic specification of the UK’s next generation warship, the Type 26 Global

The M/V Vega Sagittarius sits high above the water after running aground last week near Nuuk, Greenland. The 11,811 dwt vessel, which is chartered by Royal

This incredible video comes to us via Lake Michigan where an outbreak of waterspouts touched down over the weekend. The video was captured by Captain Eric

Response crews continue cutting and removing sections of the 202-foot grounded freighter Jireh Monday to prepare the vessel for final removal and disposal from

Keppel FELS is set to deliver the world’s largest multi-purpose offshore wind turbine installer ahead of schedule to Seafox Group, the Singaporean

ARLINGTON, Va.-Construction for two new research ships funded by the Office of Naval Research (ONR) officially got underway with a keel-laying and dedication

Chevron Corp. (CVX) may end up getting a better deal Down Under than it bargained for. Chevron owns a 47% stake in Australia’s 43 billion Australian

HONG KONG–China Rongsheng Heavy Industries Group Holdings Ltd. said it has decided to withdraw its CNY2.15 billion (US$336 million) bid to buy a Chinese

(Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co. won a 2.22 trillion won ($1.96 billion) order to build five fixed platforms as rising

HOUSTON–Golden Pass Products LLC, a joint venture between Exxon Mobil Corp. (XOM) and Qatar Petroleum, is asking federal authorities for permission to

In the heat and sunshine of a clear summer day, hundreds of cadets stood at attention to welcome the new superintendent, Rear Admiral James A. Helis, to the

Hapag-Lloyd on Friday held a naming ceremony for what is now officially the “Hamburg Express”, the first of ten new 13,200 TEU vessels and

The Great Lakes’ largest freighter ran hard aground this week while carrying 62,000 tons of coal on the outbound channel of the St. Marys River. The USCG

Fincantieri’s Manfalcone shipyard on Thursday launched Princess Cruises new flagship, Royal Princess, which is the largest ship ever built by the Italian

Dramatic images of the Hong Kong-flagged bulk carrier MV Ocean Breeze which ran aground yesterday on Llo-Lleo’s beach, near the port of San Antonio,

Thoresen Thai Agencies Pcl plans to almost double its dry-bulk shipping fleet in three years as a focus on Europe-U.S. cargos shields it from tumbling rates

The Arctic Ocean’s ice cover is shrinking at a record pace this year after higher-than-average temperatures hastened the annual break-up of the sea ice.

(Bloomberg) — The flow of European gasoline to the U.S. is poised to advance to the highest in almost 10 months, according to a survey of people directly

DryShips Inc.’s (DRYS) second-quarter loss narrowed as revenue improved and vessel-impairment expenses weighed on year-ago results. However, shares fell

Not sure how we didn’t catch wind of this at the time, but this past February, an unidentified spherical object made of steel with little pointy spikes