gCaptain – Maritime and Offshore News

Update: The storm “bombed out” at 930mb on Saturday. For reference Hurricane Sandy was measured at 940 millibars. Update: A 1003mb low off the

A dive survey to conduct an external visual assessment of the MV Rena’s sunken stern section and its cargo has been completed, salvors of the stricken

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

By Jeanne M. Grasso & Jonathan K. Waldron All was relatively tranquil offshore in 2011–2012 with respect to Jones Act issues. Activities offshore had

SHANGHAI–Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world’s No. 2 economy, despite other

New York-listed Seaspan Corporation (NYSE: SSW) announced Wednesday that it has signed contracts for the construction of four fuel efficient 10,000 TEU

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

Italian shipbuilding group Fincantieri on Wednesday said that it has successfully completed its previously announced purchase of a controlling stake in STX OSV

By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,

In a boost for biofuels in marine applications, the Canadian government has announced that it is exploring the potential to use biofuels for its Navy. In a

TOKYO – Mitsubishi Heavy Industries, Ltd. (MHI), working jointly with Mitsui O.S.K. Lines, Ltd. (MOL), has developed installation technology of a ballast

By Frances Robinson BRUSSELS–The European Commission has opened an in-depth investigation to verify whether numerous public support measures granted by

The Clipper Stad Amsterdam, jointly owned by the city of Amsterdam and HR agency Randstad, has been plying the world’s oceans continuously since her

Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented

Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore

WASHINGTON – The National Transportation Safety Board’s latest update on the ongoing investigation into the Jan. 9 Seastreak Wall Street hi-speed

The Chief Officer of cargo ship has been fined after his ship ran aground when he apparently fell asleep while going to the head. The U.K.’s Maritime and

Drilling contractor Pacific Drilling (NYSE: PACD) is kicking off 2013 by continuing on an aggressive ultra-deepwater drillship expansion program, announcing

OKPO, KOREA – On 15 January at 1435 local time, a shipyard worker was killed and 3 others slightly injured by a massive piece of steel that fell off

By TENNILLE TRACY WASHINGTON–Dow Chemical Co. (DOW) severed ties Friday with one of Washington’s most powerful groups representing the

Jan. 22 (Bloomberg) — The glut of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded to the highest in more than four

Jan. 22 (Bloomberg) — Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers

The Port of Kimitsu, Japan, received a Valemax super iron ore carrier for the first time on Saturday, 19 January.  The Vale Brasil, which has a capacity to

By Kjetil Malkenes Hovland and John D. Stoll STAVANGER, Norway–Statoil ASA (STO, STL.OS) Chief Executive Helge Lund said Monday in a town hall meeting