gCaptain – Maritime and Offshore News

Ship Finance International Limited (NYSE:SFL) announced late last week their plans to build four 8,700 TEU container vessels at a major shipyard in Korea.

Swiss power and automation group ABB has announced a $12 million order to supply electrical power and propulsion systems for a newly designed deepwater pipe

(Bloomberg) — Seadrill Ltd., the offshore drilling company controlled by billionaire John Fredriksen, climbed in Oslo as investors bet payments to

Golden Ocean Group Ltd has announced an agreement to buy two ice class Panamax vessel resales built at Pipavav Defence & Offshore Engineering Company.

May 27 (Bloomberg) — Australia may lose A$100 billion ($96.5 billion) of potential liquefied natural gas projects to East Africa and North America unless

GENEVA, May 24 (Reuters) – Angolan and Nigerian differentials were under pressure on Friday as some Asian refiners snubbed west African grades in favour

“We do believe that both product and crude markets have turned the corner,” noted Nikolas P. Tsakos, President & Chief Executive Officer of

Nearly a year and a half after the Costa Concordia hit rocks in Giglio, killing 32 people and partially sinking along the coast of the small Mediterranean

Sevan Marine ASA signed an agreement today to sell the semi-completed Sevan hulls number 4 and 5 to Singapore-based Logitel Offshore, a newly formed company

(Bloomberg) — Golden Ocean Group Ltd., the dry bulk shipping group controlled by billionaire John Fredriksen, rose in Oslo as a strong balance sheet and

On February 17th of this year, the Harita Bauxite sank off Cape Balinao in the South China Sea. Of the twenty-four men aboard, only nine survived. The sea can

Warm Atlantic waters and favorable wind patterns may produce 13 to 20 named storms this year for the fourth above-average hurricane season in a

After more than six weeks of waiting at an anchorage off the coast of Constanza, Romania, the burned out MSC Flaminia has entered port for lightering

A broken shackle on the port’s cantilever mooring line lead to the January 2012 grounding and eventual catastrophic hull failure of the M/V Tycoon at

Oslo-based ship investment company, SinOceanic Shipping ASA, has entered into a contract with Jinhai Heavy Industries to build ten, 8,800 TEU state-of-the art

Ocean Rig CEO George Economou commented in his Q1 2013 earnings report yesterday that the “outlook for the UDW (Ultra-Deepwater) drilling industry is

Cruise Lines International Association has approved the adoption of a “Cruise Industry Passenger Bill of Rights”, a list of ten amendments

(Bloomberg) — Rickmers Group is breaking with tradition as it seeks to become the first German charter shipping company to raise money in the bond

OSX Brasil SA, the shipyard and ship leasing company controlled by Brazilian billionaire Eike Batista, fired 300 employees as part of an effort to cut costs, O

(Bloomberg) — A.P. Moeller-Maersk A/S Chief Executive Officer Nils Smedegaard Andersen said he’ll be forced to prolong cost cuts at the

Teekay Offshore Partners L.P. (NYSE:TOO) announced an agreement with Statoil to provide a floating storage and offtake (FSO) unit for the Gina Krog oil and

Qatar Petroleum International (QPI) and Total announced a landmark partnership agreement with Total E&P Congo today representing QPI’s first

Captain Francesco Schettino will face trial for manslaughter and other charges in July.

Maersk Line has just released this time-lapse video of the Maersk Triple-E as a sequel to their first video of the vessel of the under construction at DSME in

(Bloomberg) — Oil-tanker owners will struggle to retain crews and maintain ships after losing the most money in four decades, according to the