gCaptain – Maritime and Offshore News

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

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

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

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

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

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

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

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

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

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

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

*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

(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

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

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

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

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

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

(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

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

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

(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

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

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

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