gCaptain – Maritime and Offshore News

With the threat of Aker Arctic leaving Finland to pursue more profitable pastures, Finnish Industry Investment Ltd, an investment arm of Finland’s

UBS AG sold $45.2 million of seven- year notes tied to offshore oil drilling company Ensco Plc, the Swiss bank’s largest U.S. offering in 17

CBC’s Rick Mercer transits the Welland Canal on board the CSL bulk carrier Whitefish Bay. The Welland Canal is a key point in the St. Lawrence Seaway as

The FPSO Armada Perkasa has had its contract extended for an additional two years off the Nigerian coast according to a statement by Malaysia-based

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) announced today the winning of a newbuild order for six, 10,000 TEU containerships

The China Navigation Company (CNCo), the deep sea shipping arm of the multinational Swire Group, has announced today the signing of a conditional sale and

Given China’s abrupt, and frankly non-substantiated expansion of their air defense identification zone (ADIZ) recently, it’s easy to immediately

The U.S. Navy ship that had a confrontation with a Chinese military vessel in the South China Sea posed a threat to national security, China’s Global

The Baltic Dry Index, a measure of costs to transport commodities by sea, is poised for its best quarter since 2011 on stronger Chinese demand for imports of

The Costa Concordia shipwreck remains upright and stable on underwater platforms as crews wrap up winter preparations, according to an update from the

The shipping recovery that is currently be discussed and propounded by analysts, shipowners, private equity investors and bankers is based upon an unstable

Taiwan’s largest container shipping company, Evergreen, has joined the growing group of carriers selling assets to turn around a year of loss-making

MAN Diesel & Turbo announced today that Norwegian shipowner Knutsen OAS Shipping has placed an order for a pair of dual fuel-powered 7G70 ME-GI 2-stroke

By Barbara Lewis and Robin Emmott BRUSSELS, Dec 16 (Reuters) – European negotiators, hoping to cut fuel bills, will press their U.S. counterparts in

A court in Vietnam sentenced two former executives of a state-owned shipping firm to death on Monday for embezzlement, an unusual harsh sentence in a communist

In response to studies done by engine manufacturers MAN Diesel and Wärtsilä, top marine lubricants suppliers are making a big shift toward higher base

“Dry bulk recovery on the way: We are upgrading our maritime industries view to “In-Line” from “Cautious” as we see improved

Gaztransport & Technigaz SA, the engineering company owned by France’s GDF Suez SA and Total SA, plans to sell shares in 2014 through an initial public

For the tanker market, the breakthrough in Iranian talks in November will have a significant impact on the VLCC tanker market. For curtailing its nuclear

Viking Line Abp, a Finnish cruise company, said its M/S Amorella passenger ferry lost power and ran aground in the Aaland archipelago southwest of

For all of you who have been asking us for gCaptain hoodies, coffee cups, polos, beanies, or other gCaptain SWAG, we finally have what you’re looking

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