gCaptain – Maritime and Offshore News

SHANGHAI–China Shipping Container Lines Co. (2866.HK, 601866.SH) said it expects to swing to a net profit in 2012 thanks to recovering demand and freight

PEARL HARBOR, Hawaii – A U.S. Navy investigation to assess the circumstances surrounding the USS Guardian (MCM 5) grounding that occurred in Philippine

Jan 18 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose on Friday for a

Orient Overseas Container Lines announced today the christening of two 13,208-TEU container ships, the M/V OOCL Brussels and the M/V NYK Helios, at a ceremony

Jan. 18 (Bloomberg) — The total number of new vessels joining the global fleet this year is expected to be as much as 220, about the same as 2012

Louisiana Governor Bobby Jindal and Maurice Brand, Managing Director and Joint Chief Executive Director of Magnolia LNG announced today a $2.2 billion project

The US Navy reports this morning that all 79 crew members have been transferred from the stricken USS Guardian (MCM-5) while 7th Fleet salvors works to try and

SINGAPORE–DVB Bank SE (DVB.FF), a major global financier of purchases of ships and airplanes, projects that the market for global marine transport

LONDON–Oil prospecting in the U.K. North Sea has experienced renewed vigor and there is a positive outlook for 2013 activity, according to a report

Jan. 18 (Bloomberg) — Two Italian marines charged with killing fishermen they suspected of being pirates can be put on trial in India, the

By Lee Spears Norwegian Cruise Line Holdings Ltd., whose owners include Apollo Global Management LLC, raised $447 million in an initial public offering,

Friday Update: Crew removed as salvors get to work. *Update: The above image was sent to us last night by a confidential source Original story: While at a

The Queen Elizabeth 2, the ocean liner known as the QE2 that plied the Atlantic for almost 40 years, will be moored in Asia as a 400-room luxury hotel

SINGAPORE – The new year has started off well for Sembawang Shipyard.  In the first two weeks of January, the Singapore-based yard carried out

WASHINGTON, Jan 17 (Reuters) – A U.S. Navy minesweeper, the USS Guardian, ran aground in the Sulu Sea off the Philippines on Thursday, and was stuck on a

Jan. 16 (Bloomberg) — Costs to ship Middle East oil to Asia, the tanker industry’s busiest trade route, fell for a third day as completion of cargo

WASHINGTON, DC – After 4 challenging years managing the natural resources of the United States, Secretary of the Interior Ken Salazar has announced his

Jan. 16 (Bloomberg) — Greece will tax merchant ships managed by companies based in the country and sailing under foreign flags for the first time ever as

By Gwladys Fouche STAVANGER, Norway, Jan 16 (Reuters) – Oil companies are overlooking some vital safety issues when preparing to drill in frontier Arctic

Hyundai Heavy Industries (HHI) announced today the signing of a newbuild contract with Vancouver-based Seaspan Corp. for five 14,000 TEU containerships,

LONDON–Braemar Shipping Services PLC (BSM.LN), an international provider of shipping, marine and energy services, said Wednesday its Shipbroking division

By Neena Rai Pirates carried out 297 attacks in 2012, the fewest in five years, with ships reporting a big drop off Somalia, the International Maritime Bureau

Jan. 16 (Bloomberg) — Carl Icahn’s new stake in Transocean Ltd. may raise pressure on the world’s largest offshore driller to split off some

Dutch police have identified a body found on 19 December, 20 nautical miles west of IJmuiden, as that of the 31 year-old Polish first mate of the Baltic Ace,

Jan. 15 (Bloomberg) — Rates for Capesize ships carrying iron ore, which advanced for a third day, may curb gains as accelerating fleet growth this