gCaptain – Maritime and Offshore News


Thursday, November 29, 2012
frontline tankers
News

Frontline Misses Wall Street Estimates, VLCC Sector Improvement Could be Short-Lived

(Dow Jones) Frontline Ltd.’s (FRO, FRO.LN) third-quarter loss narrowed sharply as the oil tanker company’s operating expenses dropped, though

Thursday, November 29, 2012
Total Views: 36

nordlb
Finance

German Lender NordLB Squeaks Out a Profit, However No End in Sight to Shipping Crisis

(Bloomberg) — Norddeutsche Landesbank Girozentrale, the world’s fifth-largest shipping lender, returned to profit in the third quarter after higher

November 29, 2012
Total Views: 40

zim monaco shipping puma ocean racing
News

Zim Shipping Wants to Split, Israeli Government Stands in the Way

(Bloomberg) — Zim Integrated Shipping Services Ltd. said the Israeli government’s reluctance to allow the container line to be split is frustrating

November 29, 2012
Total Views: 53

Wednesday, November 28, 2012
Espadon Jurong Drillship Design
Engineering News

Sete Brasil Orders 7th Brazilian-Built Drillship from Sembcorp Marine

Sembcorp Marine’s 7th Brazilian drillship newbuild order has just been secured at a contract value of US$806.4 million. Ordered by Sete

November 28, 2012
Total Views: 177

NTSB: Coast Guard’s Post-Accident Drug and Alcohol Testing Standards Are Too Lax
USCG

NTSB: Coast Guard’s Post-Accident Drug and Alcohol Testing Standards Are Too Lax

The National Transportation Safety Board on Tuesday issued a recommendation to the U.S. Coast Guard that would subject Coast Guard personnel involved in

November 28, 2012
Total Views: 120

U.S. Navy Testing Carrier-Based Unmanned Aircraft
Navy

U.S. Navy Testing Carrier-Based Unmanned Aircraft

As China starts landing jets on its first aircraft carrier, the U.S. Navy is preparing to test take offs and landings of carrier-based unmanned aircraft, a

November 28, 2012
Total Views: 110

Most Read

Featured

Shipping Industry Pushes Back on ‘Open’ Hormuz Narrative as Risks Persist

The global shipping industry is urging caution after declarations from both Washington and Tehran that the Strait of Hormuz is “open,” warning that

Featured

UN’s Maritime Agency Prepares Hormuz Evacuation Plan for Hundreds of Ships

The International Maritime Organization is working on an evacuation plan for hundreds of ships that have been stuck in the Persian Gulf since US and Israeli

Featured

Search Intensifies After Cargo Ship Mariana Found Overturned Near Saipan

The U.S. Coast Guard and an expanding multinational task force are racing against time in the remote waters of the western Pacific after the U.S.-flagged cargo

News

Iran’s Navy Tells Ships Strait of Hormuz Shut Again, Two Vessels Report Gunfire

ATHENS, April 18 (Reuters) – Merchant vessels attempting to cross the Strait of Hormuz on Saturday received radio messages from

Shipping

Hormuz Traffic at Standstill as US Vessel Seizure Widens Risk

Commercial traffic through the Strait of Hormuz is at a virtual standstill on Monday after a brief and confused reopening over the weekend ended with the first


Wednesday, November 28, 2012
Huntington Ingalls Seeking Partners to Avoid Closure of Avondale Shipyard
Shipbuilding

Huntington Ingalls Seeking Partners to Avoid Closure of Avondale Shipyard

The head of Huntington Ingalls Industries Inc. (HII) said Wednesday that it is still looking for partners to convert a Louisiana naval shipyard earmarked

November 28, 2012
Total Views: 53

Mr. Zhang Ye President of Shanghai Shipping Exchange
News

Shanghai Shipping Exchange Looks to Challenge the Baltic

(Bloomberg) — Shanghai Shipping Exchange introduced dry-bulk and oil-tanker indexes in a challenge to a 268-year-old London bourse that sets freight

November 28, 2012
Total Views: 67

kirby corp penn maritime
News

Kirby Corp Buys Penn Maritime in $180 Million Deal

(Dow Jones) Kirby Corp. (KEX) has agreed to buy tank barges and tugboats operator Penn Maritime Inc. and an affiliated company in a cash and stock deal of

November 28, 2012
Total Views: 251

k line Kawasaki Kisen Kaisha Ltd
News

“K” Line To Shed Two Dozen Bulk Carriers, “We’re Slowing Our Expansion”

(Bloomberg) — Kawasaki Kisen Kaisha Ltd., Japan’s third-biggest shipping line, delayed plans to expand its commodity-vessel fleet as a global glut

November 28, 2012
Total Views: 72

bp logo
News

BP Suspended from Winning New US Government Contracts

(Bloomberg) — BP Plc, which pleaded guilty to criminal charges after the worst U.S. oil spill in 2010, will be temporarily suspended from winning new

November 28, 2012
Total Views: 77

Most Read

Shipping Industry Pushes Back on ‘Open’ Hormuz Narrative as Risks Persist
Featured

Shipping Industry Pushes Back on ‘Open’ Hormuz Narrative as Risks Persist

The global shipping industry is urging caution after declarations from both Washington and Tehran that the Strait of Hormuz is “open,” warning that

UN’s Maritime Agency Prepares Hormuz Evacuation Plan for Hundreds of Ships
Featured

UN’s Maritime Agency Prepares Hormuz Evacuation Plan for Hundreds of Ships

The International Maritime Organization is working on an evacuation plan for hundreds of ships that have been stuck in the Persian Gulf since US and Israeli

Search Intensifies After Cargo Ship Mariana Found Overturned Near Saipan
Featured

Search Intensifies After Cargo Ship Mariana Found Overturned Near Saipan

The U.S. Coast Guard and an expanding multinational task force are racing against time in the remote waters of the western Pacific after the U.S.-flagged cargo

Iran’s Navy Tells Ships Strait of Hormuz Shut Again, Two Vessels Report Gunfire
News

Iran’s Navy Tells Ships Strait of Hormuz Shut Again, Two Vessels Report Gunfire

ATHENS, April 18 (Reuters) – Merchant vessels attempting to cross the Strait of Hormuz on Saturday received radio messages from

Hormuz Traffic at Standstill as US Vessel Seizure Widens Risk
Shipping

Hormuz Traffic at Standstill as US Vessel Seizure Widens Risk

Commercial traffic through the Strait of Hormuz is at a virtual standstill on Monday after a brief and confused reopening over the weekend ended with the first


Wednesday, November 28, 2012
vs 4411 Wärtsilä siem offshore psv lng
Engineering News

Siem Offshore Orders their First LNG-Powered PSV, Designed and Powered by Wärtsilä

Wärtsilä announced today they have been contracted to supply an integrated engineering solution to an LNG-powered Platform Supply Vessel (PSV) newbuild

November 28, 2012
Total Views: 165

maritime craft services twin axe damen
News

Scottish Firm Orders Twin Axe Fast Crew Suppliers, Speedy New Offshore Cats from Damen

Scotland-based Maritime Craft Services (Clyde) Ltd announced today they have placed a £8.9 million order with Damen Shipyards for three more Damen Twin Axe

November 28, 2012
Total Views: 239

Tuesday, November 27, 2012
GL Forum: The Use of 3D Technology in Shipping and Shipbuilding
Ship Design

GL Forum: The Use of 3D Technology in Shipping and Shipbuilding

Hamburg/Germany– Ships and offshore units are specialist structures with high requirements for efficiency and availability throughout their entire life

November 27, 2012
Total Views: 96

IMO Presents Exceptional Bravery at Sea Award to Canadian and Chilean Rescuers
Incidents

IMO Presents Exceptional Bravery at Sea Award to Canadian and Chilean Rescuers

The International Maritime Organization on Monday presented the coveted Exceptional Bravery at Sea award to Canadian and Chilean rescuers involved in two

November 27, 2012
Total Views: 36

Scandlines Cancels Newbuild Pair at P+S Werften
Shipbuilding

Scandlines Cancels Newbuild Pair at P+S Werften

German ferry operator Scandlines said Tuesday that the company has decided to cancel contracts for two newbuild ferries with insolvent German shipyard, P+S

November 27, 2012
Total Views: 91

Corporate News

15 hours ago

Immersion Suit Rises To Challenge For Faster Protection

Donning speed for emergency situations is a primary attraction of a new immersion suit from VIKING Life-Saving Equipment that is made to measure up to US-specific

April 16, 2026

ABS and UNITED WATERWAYS Announce Planned Joint Venture to Advance Maritime Training

ABS and UNITED WATERWAYS (UW) have signed a letter of intent to establish a joint venture with River Academy, UW’s training and education subsidiary, to support crew competence

April 15, 2026

ABS and Alfred Maritime to Advance Fleet Operations and Safety for Cruise Vessels

ABS and Alfred Maritime GmbH have signed a memorandum of understanding (MOU) to explore technical projects that benefit cruise operators, vessels, crews and passengers. The MOU

April 13, 2026

VIKING Helix Shapes Simpler, Easier Ship Evacuation At Speed

A new generation marine evacuation system (MES) from VIKING Life-Saving Equipment offers a faster exit for passengers, simpler operation for crew and easier service for cruise and

April 13, 2026

Immersion Suit Rises To Challenge For Faster Protection

Donning speed for emergency situations is a primary attraction of a new immersion suit from VIKING Life-Saving Equipment that is made to measure up to US-specific

April 9, 2026

Damen, IOM, Turkish Coast Guard, and European Union hold kick-off meeting for latest SAR vessel order in Antalya

Order follows success of vessels in operation with Turkish Coast Guard Command Recently, Damen Shipyards Antalya hosted a kick-off meeting attended by delegations from

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

Corporate News

15 hours ago

Immersion Suit Rises To Challenge For Faster Protection

Donning speed for emergency situations is a primary attraction of a new immersion suit from VIKING Life-Saving Equipment that is made to measure up to US-specific

April 16, 2026

ABS and UNITED WATERWAYS Announce Planned Joint Venture to Advance Maritime Training

ABS and UNITED WATERWAYS (UW) have signed a letter of intent to establish a joint venture with River Academy, UW’s training and education subsidiary, to support crew competence

April 15, 2026

ABS and Alfred Maritime to Advance Fleet Operations and Safety for Cruise Vessels

ABS and Alfred Maritime GmbH have signed a memorandum of understanding (MOU) to explore technical projects that benefit cruise operators, vessels, crews and passengers. The MOU

April 13, 2026

VIKING Helix Shapes Simpler, Easier Ship Evacuation At Speed

A new generation marine evacuation system (MES) from VIKING Life-Saving Equipment offers a faster exit for passengers, simpler operation for crew and easier service for cruise and

April 13, 2026

Immersion Suit Rises To Challenge For Faster Protection

Donning speed for emergency situations is a primary attraction of a new immersion suit from VIKING Life-Saving Equipment that is made to measure up to US-specific

April 9, 2026

Damen, IOM, Turkish Coast Guard, and European Union hold kick-off meeting for latest SAR vessel order in Antalya

Order follows success of vessels in operation with Turkish Coast Guard Command Recently, Damen Shipyards Antalya hosted a kick-off meeting attended by delegations from

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


Tuesday, November 27, 2012
Thinking Outside and Beyond the Box: Let’s Reinvent the Shipping Container
Interesting

Thinking Outside and Beyond the Box: Let’s Reinvent the Shipping Container

[vimeo]http://vimeo.com/32515225[/vimeo] – By Tom Stitt Is it time for Marc Levinson to publish a sequel to The Box, his classic story of how the

November 27, 2012
Total Views: 49

Stolt Tankers Orders Five Parcel Tankers

Stolt Tankers Orders Five Parcel Tankers

Norway’s Stolt-Nielsen (Oslo Børs: SNI) announced Tuesday that its subsidiary Stolt Tankers has ordered five 38,000 dwt parcel tankers from

November 27, 2012
Total Views: 199

China’s Aircraft Carrier: How Big a Step Forward?
Interesting

China’s Aircraft Carrier: How Big a Step Forward?

By Andrew Erickson and Gabe Collins Two months after China’s first aircraft carrier Liaoning was commissioned, and a year and a half after it began sea

November 27, 2012
Total Views: 115

iranian flag eu embargo
News

Tanzanian-Flagged Tanker Operated by NITC Gets Quarantined Off Greek Island

(Bloomberg) — Sekavin SA, a Greek fuel supplier, said it’s investigating the origin of a cargo aboard an Iranian tanker off the Mediterranean

November 27, 2012
Total Views: 47

cyprus ship managers
News

Ship Managers Contribute Largest Amount in 2 Years to Cyprus GDP

(Bloomberg) — Cyprus’s ship-management companies contributed more to the island’s gross domestic product in the first half of 2012 than they

November 27, 2012
Total Views: 63

gCaptain-jobs
gCaptain-jobs

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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 27, 2012
Global Shipbuilding Outlook – 45% of Shipyards Have No Orders Post 2012
Engineering News

Global Shipbuilding Outlook – 45% of Shipyards Have No Orders Post 2012

By Sanjeev Rana, Deutsche Bank  Global Shipbuilding Downturn Continues Global shipbuilding industry has been going through a downturn for the last four

November 27, 2012
Total Views: 107

lng tank hyundai heavy
Engineering News

HHI Develops New LNG Storage Tank

Hyundai Heavy Industries (HHI) announced today that it has developed an independent liquefied natural gas storage tank model named the Lobe-Bundle Tank. This

November 27, 2012
Total Views: 154

Monday, November 26, 2012
COSCO Holdings Plans $1 Billion Bond Issue
News

COSCO Holdings Plans $1 Billion Bond Issue

HONG KONG–Shipping giant China Cosco Holdings Ltd. (1919.HK) said in a statement Tuesday that it plans to issue US$1 billion worth of 10-year U.S.

November 26, 2012
Total Views: 52

Superyacht Sinks in a Blaze of Glory Off Miami Beach [Photos and Video]
Interesting

Superyacht Sinks in a Blaze of Glory Off Miami Beach [Photos and Video]

An 80-foot yacht named “Bliss” sank Saturday morning after catching on fire a mile off the coast of Miami Beach, Florida. The USCG says that crews

November 26, 2012
Total Views: 70

Cyber Monday Deal: Half Price Job Postings on gCaptain’s Job Board
Blog

Cyber Monday Deal: Half Price Job Postings on gCaptain’s Job Board

As part of Cyber Monday we are offering 50% OFF 30 and 60 day job postings on gCaptain.com’s Maritime and Offshore Industry Job Board. Come experience

November 26, 2012
Total Views: 116