gCaptain – Maritime and Offshore News

Rates to ship liquefied natural gas will decline this year as new vessels join the fleet more quickly than global output of the fuel expands, according to

Vigor Industrial announced today they have reached an agreement with Daoda Marine Heavy Industry Company (DDHI) to purchase a new floating drydock for a total

ATHENS – DryShips Inc. (NASDAQ: DRYS) announced today the sale, via novation, of two of its 158,000 DWT suezmax dry bulk carriers, the Esperona and

A dangerous winter storm is developing rapidly over the western North Pacific east of Japan, one that has the potential to be even more powerful than Hurricane

In a $1.3 billion speculative venture, Frigstad Deepwater Ltd placed an order last week with CIMC Raffles for two, 7th generation ultra deepwater Frigstad

BW Maritime and Samsung Heavy Industries signed a ship-building contract on Friday for BW’s first Liquefied Natural Gas Floating Storage Regasification

Abu Dhabi-based Emirates Classification – Tasneef, a classification society specializing in the maritime sector, hired RINA Group to help develop its

Transocean Ltd., the world’s largest offshore rig operator, climbed to the highest in 10 months after billionaire investor Carl Icahn said he’s

Wilh. Wilhelmsen ASA, the world’s largest vehicle transporter, extended gains in Oslo as Pareto Securities recommended investors buy the stock as limited

China may unveil fresh steps to support the shipbuilding and aerospace industries, the state-run China Securities Journal reported Monday, citing unnamed

Deep water drilling firm Transocean (NYSE:RIG) reported this evening that billionaire investor Carl Icahn has notified them that he is seeking approval to

Today marks the 1-year anniversary of the Costa Concordia tragedy which claimed 32 lives off Giglio on 13 January 2012. The following are images depicting the

STX OSV announced on Friday that New Orleans-based offshore supply vessel operator Tidewater Inc. acquired contracts for three platform supply vessels which

China CSSC Holdings Ltd. (600150.SH), the listed arm of China’s largest shipbuilder, said Saturday its profit likely shrank by 95% to 100% year on year

MOGADISHU – Somali pirates have released three Syrian hostages held in captivity since 2010 without payment of any ransom, government officials said on

BP Plc is seeking a reduction of as much as $3.4 billion in the fine it may have to pay for pollution caused by the 2010 Gulf of Mexico

By Christopher C. Williams, Barron’s Oil and gas producers are scoring major finds farther offshore than ever before. That, and rising energy prices, are

The world’s largest classification society, ClassNK, announced Friday that it has been granted expanded authorization from the United States Coast Guard

The U.S. Coast Guard on Friday said that it has completed interviews, evidence collection, and a thorough safety inspection onboard the Overseas Reymar tanker

Deltamarin Ltd announced today they have been retained to become the designer for five 38,000 DWT stainless steel parcel chemical tankers for Stolt-Nielsen

Norwegian offshore supply vessel owner and operator, Farstad Shipping ASA announced today they have been awarded the following charter contracts worth NOK 32o

Royal Dutch Shell PLC’s (RDSA, RDSB) Kulluk oil rig violated nine conditions of its air-quality permit while drilling in the waters off Alaska, the U.S.

WASHINGTON – A nuclear-powered U.S. attack submarine struck a suspected fishing vessel shortly after passing through the Strait of Hormuz in the Gulf on

By James M. Bridger It was proclaimed in 2012 that the Somali pirate business model had been broken by a combination of coordinated naval patrols, heightened

Finland’s Viking Line on Thursday said it has taken delivery of the highly anticipated LNG-powered ferry, Viking Grace, from STX Finland’s Turku