gCaptain – Maritime and Offshore News


Friday, November 16, 2012
Tanker Supply at Seven-Month Low Seen Lifting Rates on China

Tanker Supply at Seven-Month Low Seen Lifting Rates on China

(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the

Friday, November 16, 2012
Total Views: 15

CMA CGM Marco Polo: Master and Chief Engineer On What It’s Like to Command the World’s Largest Containership

CMA CGM Marco Polo: Master and Chief Engineer On What It’s Like to Command the World’s Largest Containership

At 396 meters and the capacity to hold an astonishing 16,020 TEUs, the CMA CGM Marco Polo is now officially the world’s largest containership. The

November 16, 2012
Total Views: 222

Tribunal Will Hear Out Argentine Tall Ship Dispute
Navy

Tribunal Will Hear Out Argentine Tall Ship Dispute

BUENOS AIRES–The International Tribunal for the Law of the Sea has proposed holding hearings Nov. 29-30 in a dispute between Argentina and Ghana over a

November 16, 2012
Total Views: 29

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers
Shipbuilding

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers

RIO DE JANEIRO—-The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it

November 16, 2012
Total Views: 35

dual activity drillship derrick
News

Transocean Wins Dual Activity Lawsuit Against Maersk

(Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, won an appeals court ruling that reinstates a $15 million jury verdict

November 16, 2012
Total Views: 217

skandi singapore
News

DOF Subsea Awarded $50 Million in Construction Support Vessel Contracts

Norwegian offshore engineer Dof ASA (DOF.OS) said Friday it has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico

November 16, 2012
Total Views: 242

Most Read

Featured

Chinese Boxships Abort First Hormuz Exit Attempt, Undermining Iran ‘Safe Passage’ Claims

Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from

Featured

U.S. Coast Guard Announces Plans to Acquire Up to Seven New Light Icebreakers

The U.S. Coast Guard has issued a request for information (RFI) as it moves forward with plans to acquire up to seven new light icebreakers to replace an aging

News

Maersk Warns of Prolonged Hormuz Shutdown as Shipping Costs Surge

A.P. Moller–Maersk says the Strait of Hormuz crisis is now reshaping global shipping networks, with the carrier warning that the key energy chokepoint is

News

Iran Tells UN ‘Non-Hostile’ Ships Can Transit Hormuz, If They Coordinate With Tehran

Iran has indicated to the United Nations that so-called “non-hostile vessels” may continue transiting the Strait of Hormuz, but only if they comply with

News

Ukraine Strikes Knock Out 40% of Russia’s Oil Export Capacity

At least 40% of Russia's oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers,


Thursday, November 15, 2012
U.S. East Coast Gasoline Slumps as Jones Act Waiver Draws More Tankers

U.S. East Coast Gasoline Slumps as Jones Act Waiver Draws More Tankers

(Bloomberg) — New York Harbor gasoline slumped for a third day after the waiver of the Jones Act allowed cargoes to be delivered from the Gulf Coast and

November 15, 2012
Total Views: 36

Drunk Master Caused March Collision in Belfast Lough [REPORT]
Collision

Drunk Master Caused March Collision in Belfast Lough [REPORT]

Investigators in the UK have confirmed what everyone already knew about the March 7th collision between the M/V Union Moon and the Stena Feronia ferry: that

November 15, 2012
Total Views: 144

Tug and Barge Run Aground in Alaska [INCIDENT PHOTOS]
USCG

Tug and Barge Run Aground in Alaska [INCIDENT PHOTOS]

The Coast Guard safely rescued five crewmembers from the tug Polar Wind which ran aground and began taking on water 20 miles east of Cold Bay, AK at 8:58

November 15, 2012
Total Views: 85

BP Reaches $4.5B Settlement with US DOJ, Pleads Guilty to 11 Felony Charges [UPDATE]
Interesting

BP Reaches $4.5B Settlement with US DOJ, Pleads Guilty to 11 Felony Charges [UPDATE]

(Bloomberg) — BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims

November 15, 2012
Total Views: 62

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the

November 15, 2012
Total Views: 28

Most Read

Chinese Boxships Abort First Hormuz Exit Attempt, Undermining Iran ‘Safe Passage’ Claims
Featured

Chinese Boxships Abort First Hormuz Exit Attempt, Undermining Iran ‘Safe Passage’ Claims

Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from

U.S. Coast Guard Announces Plans to Acquire Up to Seven New Light Icebreakers
Featured

U.S. Coast Guard Announces Plans to Acquire Up to Seven New Light Icebreakers

The U.S. Coast Guard has issued a request for information (RFI) as it moves forward with plans to acquire up to seven new light icebreakers to replace an aging

Maersk Warns of Prolonged Hormuz Shutdown as Shipping Costs Surge
News

Maersk Warns of Prolonged Hormuz Shutdown as Shipping Costs Surge

A.P. Moller–Maersk says the Strait of Hormuz crisis is now reshaping global shipping networks, with the carrier warning that the key energy chokepoint is

Iran Tells UN ‘Non-Hostile’ Ships Can Transit Hormuz, If They Coordinate With Tehran
News

Iran Tells UN ‘Non-Hostile’ Ships Can Transit Hormuz, If They Coordinate With Tehran

Iran has indicated to the United Nations that so-called “non-hostile vessels” may continue transiting the Strait of Hormuz, but only if they comply with

Ukraine Strikes Knock Out 40% of Russia’s Oil Export Capacity
News

Ukraine Strikes Knock Out 40% of Russia’s Oil Export Capacity

At least 40% of Russia's oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers,


Wednesday, November 14, 2012
Wärtsilä Surpasses 2,000 Gas Fueled Engines Sold
Engineering News

Wärtsilä Surpasses 2,000 Gas Fueled Engines Sold

Wärtsilä said this week that it has now sold more than 2,000 of its gas fueled engines which have together accumulated more than 7 million operational

November 14, 2012
Total Views: 67

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

Standard & Poor’s Ratings Services has lowered Overseas Shipholding Group’s long-term credit rating to ‘D’ after the company

November 14, 2012
Total Views: 44

Ship Chandler Killed After Falling Overboard
Incidents

Ship Chandler Killed After Falling Overboard

A Singaporean ship chandler was killed Tuesday after falling into the water while disembarking from a bulk carrier at the Port of Singapore following a

November 14, 2012
Total Views: 85

Ultrabulk Ditches Chinese Yard for Japan-Built Eco-Ship

Ultrabulk Ditches Chinese Yard for Japan-Built Eco-Ship

Danish dry bulk operator Ultrabulk said Wednesday that continuous delays have forced the company to cancel its order for two large Panamax bulkers from

November 14, 2012
Total Views: 174

60+ Knots In a Sailboat [VIDEO]
Ship Design

60+ Knots In a Sailboat [VIDEO]

The Vestas Sailrocket team has had its eye on the world record since their first boat was launched in 2002. Now, over ten years later, the team finds

November 14, 2012
Total Views: 230

Corporate News

March 25, 2026

Inmarsat Maritime’s NexusWave wins award for Maritime Mobility Innovation at MSUA 2026 Satellite Mobile Innovation Awards

The fully managed service is redefining maritime communications through a unique network-bonding capability that delivers seamless and secure, high-speed connectivity at sea.

March 20, 2026

Damen launches tenth Island Class ferry for BC Ferries

At a ceremony at Damen Shipyards Galati in Romania, the tenth Island Class ferry has been launched. Damen is constructing the vessels for BC Ferries. The Island Class ferries

March 16, 2026

Safety without compromise: Inmarsat’s commitment to global safety services

When a distress alert is triggered at sea, there is no room for uncertainty. For tens of thousands of vessels worldwide, Inmarsat Maritime’s safety services provide a critical

March 12, 2026

ABS Publishes New Technical Standard for Subsea Power Cables

Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power

March 12, 2026

Thordon Bearings and SNAME Announce New Graduate Scholarship to Accelerate Innovation in Green Vessel Design

Thordon Bearings Inc. has partnered with the Society of Naval Architects and Marine Engineers (SNAME) to launch the Thordon Bearings Graduate Scholarship, an annual award that

March 12, 2026

EXMAR Deploys Inmarsat NexusWave to Power Secure, Always-on Connectivity Across its Fleet

Inmarsat Maritime, a Viasat company, is rolling out NexusWave across EXMAR’s growing fleet of gas carriers to meet the Belgian shipping company’s evolving

March 12, 2026

VIKING Delivers Solid Results in Unpredictable Market

ANNUAL REPORT: VIKING grows revenue and earnings in a market characterised by geopolitical uncertainty and lower growth rates.  After years of significant growth in key

March 4, 2026

Austal contracts Damen as Partner for local construction of LST 100 vessels for the Australian Army

On Friday, 20 February, Austal Defence Australia and Damen Shipyards Group signed a contract supporting the local construction of Landing Ship Transport (LST) 100 vessels for the

Corporate News

March 25, 2026

Inmarsat Maritime’s NexusWave wins award for Maritime Mobility Innovation at MSUA 2026 Satellite Mobile Innovation Awards

The fully managed service is redefining maritime communications through a unique network-bonding capability that delivers seamless and secure, high-speed connectivity at sea.

March 20, 2026

Damen launches tenth Island Class ferry for BC Ferries

At a ceremony at Damen Shipyards Galati in Romania, the tenth Island Class ferry has been launched. Damen is constructing the vessels for BC Ferries. The Island Class ferries

March 16, 2026

Safety without compromise: Inmarsat’s commitment to global safety services

When a distress alert is triggered at sea, there is no room for uncertainty. For tens of thousands of vessels worldwide, Inmarsat Maritime’s safety services provide a critical

March 12, 2026

ABS Publishes New Technical Standard for Subsea Power Cables

Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power

March 12, 2026

Thordon Bearings and SNAME Announce New Graduate Scholarship to Accelerate Innovation in Green Vessel Design

Thordon Bearings Inc. has partnered with the Society of Naval Architects and Marine Engineers (SNAME) to launch the Thordon Bearings Graduate Scholarship, an annual award that

March 12, 2026

EXMAR Deploys Inmarsat NexusWave to Power Secure, Always-on Connectivity Across its Fleet

Inmarsat Maritime, a Viasat company, is rolling out NexusWave across EXMAR’s growing fleet of gas carriers to meet the Belgian shipping company’s evolving

March 12, 2026

VIKING Delivers Solid Results in Unpredictable Market

ANNUAL REPORT: VIKING grows revenue and earnings in a market characterised by geopolitical uncertainty and lower growth rates.  After years of significant growth in key

March 4, 2026

Austal contracts Damen as Partner for local construction of LST 100 vessels for the Australian Army

On Friday, 20 February, Austal Defence Australia and Damen Shipyards Group signed a contract supporting the local construction of Landing Ship Transport (LST) 100 vessels for the


Wednesday, November 14, 2012
Overseas Shipholding Group (OSG) Files for Chapter 11 Bankruptcy Protection
Finance

Overseas Shipholding Group (OSG) Files for Chapter 11 Bankruptcy Protection

(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the

November 14, 2012
Total Views: 397

oceanic discoverer
Incidents

Coral Princess Cruises Fined $180,000 After Crewmember Killed by Powered Door

Coral Princess Cruises has been fined $180,000 following the death of a crewman after he was trapped by a powered door while working on the cruise ship

November 14, 2012
Total Views: 157

maltese falcon mast wind power sail
Engineering News

Could Wind Power Return to Commercial Shipping?

As the shipping industry endeavours to conserve expensive fossil fuels, cargo ship designers are now turning to the oldest source of power there is: the wind

November 14, 2012
Total Views: 339

keith michel webb institute
Engineering News

Herbert Engineering’s Keith Michel to be Webb Institute President

R. Keith Michel, Chairman of the Board of the Herbert Engineering Group of Companies, has been appointed President of Webb Institute, the country’s

November 14, 2012
Total Views: 99

Tuesday, November 13, 2012
TheParbucklingProject.com Is The Costa Concordia Salvage Website You Have Been Waiting For

TheParbucklingProject.com Is The Costa Concordia Salvage Website You Have Been Waiting For

The re-floating stage is illustrated in this picture, after the parbuckling phase has been completed and caissons have been attached to the starboard side of

November 13, 2012
Total Views: 161

gCaptain-jobs
gCaptain-jobs

Find Your Next Opportunity

Whether you’re an employer or a jobseeker, gCaptain connects maritime talent with opportunity. Check out our job section to look for qualified candidates or find your next dream job.


Tuesday, November 13, 2012
Beijing Wields Big Stick on Valemaxes

Beijing Wields Big Stick on Valemaxes

BEIJING–Brazilian miner Vale SA has spent around $2 billion on a fleet of huge ships to carry its iron ore from Brazil to China. The problem: China

November 13, 2012
Total Views: 48

helix 534 well intervention vessel
News

The 534 is No Longer Retired, Helix ESG Awarded New Contracts for the 37 Year Old Ship

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has been awarded its initial customer contractual commitments for the Helix 534.  

November 13, 2012
Total Views: 343

Shipyard Photo of The Day – NASSCO Floats First Mobile Landing Platform
Navy

Shipyard Photo of The Day – NASSCO Floats First Mobile Landing Platform

SAN DIEGO–General DynamicsNASSCO on Tuesday completed the complex float out operation for the U.S. Navy’s first Mobile Landing Platform (MLP) ship,

November 13, 2012
Total Views: 63

“I Won’t Hold It Against You”…the Bounty’s Former Engineer Speaks [VIDEO]
Multimedia

“I Won’t Hold It Against You”…the Bounty’s Former Engineer Speaks [VIDEO]

The newly reported engineer on board the Bounty, Chris Barksdale, discusses the Captain’s fateful announcement which took place before they left port in

November 13, 2012
Total Views: 37

Cargo Ship Drops 132 Ton Locomotive While Suspended 15 Feet in the Air
Interesting

Cargo Ship Drops 132 Ton Locomotive While Suspended 15 Feet in the Air

In a spectacular example of lifting gear failure, this 132 ton EMD GT46C-ACe locomotive was dropped while being transferred from the ship to the pier. The

November 13, 2012
Total Views: 320