gCaptain – Maritime and Offshore News


Wednesday, November 21, 2012
front duke vlcc supertanker frontline
News

VLCC Rates from the Persian Gulf More than Double as East Asian Demand Strengthens

(Bloomberg) — A glut of the largest oil tankers in the Middle East is poised to fall to the lowest in 22 weeks as crude shipments to refineries across

Wednesday, November 21, 2012
Total Views: 67

Tuesday, November 20, 2012
BT-UDS dynamic-positioned Ultra Deep Water (UDW) drillship

Vantage Drilling Invests in Drillship Joint Venture [UPDATE]

Vantage Drilling (NYSE: VTG) said Tuesday that the company has invested $31 million in a new joint venture established for the purpose of constructing a new,

November 20, 2012
Total Views: 101

splicing 3-strand
Blog

Now THAT’s a Fid! Workers Splice Bitter End of 20 Inch 3-Strand Hemp [IMAGE]

Either that or these guys are just very well-dressed, and very tiny shipyard workers.

November 20, 2012
Total Views: 330

Diana Shipping Q3 Results: Earnings Decline But It’s Not All Bad News

Diana Shipping Q3 Results: Earnings Decline But It’s Not All Bad News

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today reported a net income of

November 20, 2012
Total Views: 53

Marin Teknikk to Design New Subsea Vessel for Otto Candies
Shipbuilding

Marin Teknikk to Design New Subsea Vessel for Otto Candies

Louisiana-based Otto Candies said this week that it will be working with Norway’s Marin Teknikk on a new subsea support and construction vessel (SSCV) to

November 20, 2012
Total Views: 142

CSCL to Sell One Fifth of Total Container Capacity

CSCL to Sell One Fifth of Total Container Capacity

HONG KONG–China Shipping Container Lines Co. (2866.HK), or CSCL, plans to sell a fifth of its shipping containers for US$358.6 million to raise cash and

November 20, 2012
Total Views: 47

Most Read

Defense

Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design

Houston-based Vard Marine US, Inc. has secured a contract with the U.S. Navy to help define the service’s future logistics fleet, advancing

Featured

Another Greek Oil Tanker Exits Hormuz Despite Iran’s Blockade

Another Greek-controlled oil tanker has crossed the Strait of Hormuz, marking the fourth such voyage since hostilities in the Middle East

Featured

Panama-Flagged Ships Dominate China Detentions in Sudden March Spike

The number of Panama-flagged ships detained by China’s Port State Control soared in March, compared with February and January, according to The Loadstar’s

News

Two Chinese Container Ships From Cosco Attempt Hormuz Exit Again

Two container ships linked to China’s state-owned Cosco Shipping Corp. are trying again to exit the Persian Gulf through the Strait of Hormuz, according to

News

Libya Abandons ‘Arctic Metagaz’ Salvage At Edge of Malta SAR Zone

Libyan authorities have effectively halted efforts to secure the stricken LNG tanker Arctic Metagaz, towing the vessel far offshore and leaving it adrift near


Tuesday, November 20, 2012
Badagry nigeria
News

APM Terminals Plans New Nigerian Mega-Port

APM Terminals and its consortium partners announced today their plans to carve out a huge new shipping port and Free Trade Zone from the Nigerian coastline at

November 20, 2012
Total Views: 142

maersk handygas tanker
News

Maersk Sells off Fleet of Handygas Tankers

Maersk’s movement away from the shipping business continued ahead today with the sale of their entire Handygas tanker fleet to Navigator Gas.

November 20, 2012
Total Views: 48

Monday, November 19, 2012
front shanghai frontline vlcc tankers
News

Frontline 2012 Poised for Major Gains as Chinese Demand Hits Record Levels [REPORT]

(Bloomberg) — China is using the most supertankers in five months to meet record demand for oil imports, diminishing a glut of shipping capacity and

November 19, 2012
Total Views: 42

TV Crew Captures Deadly Platform Explosion on Video
Offshore

TV Crew Captures Deadly Platform Explosion on Video

A video surfaced Monday showing Friday morning’s explosion on board a production platform located just off the Louisiana coast in the US Gulf of

November 19, 2012
Total Views: 34

Brazil Subsidizes Uncertain Shipyard Success
Shipbuilding

Brazil Subsidizes Uncertain Shipyard Success

By Anna Miars, Unlike the samba beats that punctuate the late night air in Rio de Janeiro, it’s the clamor of construction equipment and hum of machinery

November 19, 2012
Total Views: 98

Most Read

Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design
Defense

Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design

Houston-based Vard Marine US, Inc. has secured a contract with the U.S. Navy to help define the service’s future logistics fleet, advancing

Another Greek Oil Tanker Exits Hormuz Despite Iran’s Blockade
Featured

Another Greek Oil Tanker Exits Hormuz Despite Iran’s Blockade

Another Greek-controlled oil tanker has crossed the Strait of Hormuz, marking the fourth such voyage since hostilities in the Middle East

Panama-Flagged Ships Dominate China Detentions in Sudden March Spike
Featured

Panama-Flagged Ships Dominate China Detentions in Sudden March Spike

The number of Panama-flagged ships detained by China’s Port State Control soared in March, compared with February and January, according to The Loadstar’s

Two Chinese Container Ships From Cosco Attempt Hormuz Exit Again
News

Two Chinese Container Ships From Cosco Attempt Hormuz Exit Again

Two container ships linked to China’s state-owned Cosco Shipping Corp. are trying again to exit the Persian Gulf through the Strait of Hormuz, according to

Libya Abandons ‘Arctic Metagaz’ Salvage At Edge of Malta SAR Zone
News

Libya Abandons ‘Arctic Metagaz’ Salvage At Edge of Malta SAR Zone

Libyan authorities have effectively halted efforts to secure the stricken LNG tanker Arctic Metagaz, towing the vessel far offshore and leaving it adrift near


Monday, November 19, 2012
US Coast Guard Joins Costa Concordia Investigation

US Coast Guard Joins Costa Concordia Investigation

The U.S. Coast Guard on Monday said that it will be part of the Italian-led investigation into the fatal grounding of the Costa Concordia off the coast of

November 19, 2012
Total Views: 143

Rongsheng Heavy CEO: “There is a need to shift our focus to the offshore and marine business”
Offshore

Rongsheng Heavy CEO: “There is a need to shift our focus to the offshore and marine business”

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. said a new offshore-energy equipment unit may generate 50 percent of its orders over

November 19, 2012
Total Views: 58

international shipholding corporation
Finance

International Shipholding’s Acquisition of United Ocean Services On Track, Stock Offering Withdrawn

International Shipholding Corporation (NYSE: ISH) announced last week that in light of current market conditions, it has decided not to proceed with its

November 19, 2012
Total Views: 110

NS12-1 Parcels canada nova scotia offshore
News

BP Gains Exploration Foothold Offshore Nova Scotia

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced late last week that BP and Shell were the successful bidders for exploration licenses

November 19, 2012
Total Views: 167

maersk line idle containerships anchor
News

Utilization Rates are “Not Super” Yet Maersk Line Hopes to Raise Trans-Pacific Rates in 2013

(Bloomberg) — Maersk Line, the world’s biggest operator of container ships, expects rates to rise on trans-Pacific routes next month because of an

November 19, 2012
Total Views: 32

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


Sunday, November 18, 2012
safe boreas GVA 3000E
News

Prosafe Adds Another $295 Million to Their Tab at Jurong

Prosafe finalized a US$295.2 million contract today with Jurong Shipyard to build the second unit of a new generation harsh-environment accommodation

November 18, 2012
Total Views: 66

west delta 32 platform fire
Incidents

Body of Missing Rig Worker Found, Grand Isle Shipyard Says Torch Not to Blame for Incident

GRAND ISLE, La.–Divers searching the Gulf of Mexico for two workers missing after an explosion on an oil platform recovered the body of one Saturday

November 18, 2012
Total Views: 278

maersk deliverer
Finance

Maersk Looks for Greener Pastures as Business Moves Away from Shipping

Denmark’s AP Moller-Maersk (MAERSK-A.KO, MAERSK-B.KO) will shift the focus of its business activity from shipping, choosing instead to concentrate on its

November 18, 2012
Total Views: 110

Flawless Crew Work Saves Bulk Carrier From Disaster [VIDEO]
Incidents

Flawless Crew Work Saves Bulk Carrier From Disaster [VIDEO]

Sometimes things don’t happen according to plan, and when you’re operating a big ship in a narrow channel such as the Panama Canal, a ship’s

November 18, 2012
Total Views: 75

Saturday, November 17, 2012
graham westgarth
News

Graham Westgarth Says Goodbye to Teekay

After 13 years with Teekay (NYSE:TK), Graham Westgarth, Teekay’s EVP for Innovation, Technology and Projects, has announced his intentions to resign

November 17, 2012
Total Views: 59

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.


Friday, November 16, 2012
Gasoline Advances in New York as Jones Act Waiver Expires

Gasoline Advances in New York as Jones Act Waiver Expires

(Bloomberg) — Gasoline advanced for the first time in three days in New York Harbor as the waiver of shipping regulations following Hurricane Sandy

November 16, 2012
Total Views: 42

Coast Guard: Search Suspended for Two Missing Crewmembers Following Platform Explosion, Photo Reveals Damage [UPDATE]
Offshore

Coast Guard: Search Suspended for Two Missing Crewmembers Following Platform Explosion, Photo Reveals Damage [UPDATE]

*UPDATE*  as of 5:25PM on 17 November:  The USCG has suspended its search for the 2 missing rig workers.  In the past 32 hours, 1,400 square miles of ocean

November 16, 2012
Total Views: 30

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

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