gCaptain – Maritime and Offshore News

(Bloomberg) — The rally in rates to ship liquefied natural gas may end as winter demand subsides and a shortage of cargoes curbs trading to profit from

SINGAPORE – SMOE, a wholly-owned subsidiary of Sembcorp Marine, announced today they have secured a contract worth about S$900 million from Det norske

By Jonathan Saul LONDON (Reuters) – Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining

(Bloomberg) — Iran, which dropped two places to become India’s fourth-largest crude supplier last year, may lose $2.5 billion of revenue as global

A 29-person lifeboat belonging to the late MS Olivia bulk carrier has washed ashore in southern Australian, nearly 2 years – and about 5,000 miles

The operation to remove the grounded USS Guardian from a reef in the Philippines may take months, the state-run Philippines News Agency reported Wednesday.

ATHENS (Reuters) – Greek ships sailed again from the busy ports of Piraeus and Rafina on Wednesday after the government ordered seamen to end a six-day

Sea Tankers announced Wednesday that pirates have released their product tanker M/T Gascogne after stealing part of the ships cargo and that all 17 crew

UAE-based shipyard Lamprell announced today that it has been awarded a newbuild contract from Dev Drilling for the construction and delivery of a completely

By Anurag Kotoky and A. Ananthalakshmi BANGALORE, Feb 6 (Reuters) – China’s role in operating a strategically important port in Pakistan is a

(Bloomberg) — Fred Olsen Energy ASA, a Norwegian offshore drilling company, dropped to a three-week low in Oslo as higher-than-expected cost increases in

(Bloomberg) — Earnings for the biggest oil tankers on the benchmark route shipping Saudi Arabian crude to Japan will rise 48 percent this year to average

Royal Caribbean on Tuesday said it has cut the first steel in the construction of two of its new “Project Sunshine” ships, marking a major step in

During an ICS Board meeting held Tuesday in London, members of the International Chamber of Shipping (ICS) expressed their frustrations with Italy for failing

By David Ljunggren OTTAWA, Feb 5 (Reuters) – Canada’s offshore petroleum boards are not equipped to cope with a major spill, the country’s

5 February Update: Ahmad Ghalehbani, Managing Director of the Iranian National Oil Company said in a translated statement that recovering the sunken jacket of

Like all commercial vessel owners, the Washington State Ferries’ (WSF) most significant expense is fuel.  As the largest ferry operator in North

Like most mariners, I like to be prepared for the unexpected. This doesn’t mean I’m building a survival bunker in my backyard, and I don’t

Overseas Shipholding Group Inc. (OSGIQ), the largest U.S. tanker operator, won approval to borrow $25 million to maintain ships and to make payments to two

Maersk Line’s Palle Laursen, Head of Ship Management for the Danish liner company, provides us with this latest update on the Emma Maersk, which suffered

(Bloomberg) — Oil tankers designed to navigate Egypt’s Suez Canal are getting the most cargoes in at least three years as Iraq fills a void left

Pangea LNG announced today that they have been granted a long-term, multi-contract authorization by the U.S. Department of Energy (DOE) to export liquefied

By Michelle Wiese Bockmann (Bloomberg) — Rates for ships carrying minerals and grains will climb almost threefold by 2015 as demand for the vessels

French shipping group, CMA CGM, on Monday confirmed that on January 24, the CMA CGM Marco Polo arrived in Ningbo, China, marking the last stop in her maiden

On May 28, 2008, Adam LeWinter and Director Jeff Orlowski filmed a historic breakup at the Ilulissat Glacier in Western Greenland. The calving event lasted for