gCaptain – Maritime and Offshore News


Wednesday, October 31, 2012
Hyundai Heavy Ship Construction
Shipbuilding

Ship Prices Fall to Eight-Year Low as Hyundai Heavy Competes for Orders

(Bloomberg) — Prices for new ships have fallen to an eight-year low as shipyards sacrifice margins to win orders. Hyundai Heavy Industries Co., the

Wednesday, October 31, 2012
Total Views: 350

Tanker Grounds as Cyclone Slams India’s Coast; 1 dead and 5 missing
Grounding Incidents

Tanker Grounds as Cyclone Slams India’s Coast; 1 dead and 5 missing

Hurricane Sandy isn’t the only storm causing problems for mariners this week. In India, a powerful cyclone that has been brewing in the northern Indian

October 31, 2012
Total Views: 29

port of newark peter tirschwell
News

Merchant Ships Anchor Offshore as the East Coast’s Biggest Port Recovers

The Port of New York and New Jersey is one of the busiest ports in the world and thus a major commercial artery for global commerce. In 2011, the

October 31, 2012
Total Views: 162

Two Killed in Explosion at South Korean Shipyard
Ship Fires

Two Killed in Explosion at South Korean Shipyard

An explosion at a South Korean shipyard has killed two workers and injured nine others, Yonhap News Agency has confirmed with Police. The explosion occurred at

October 31, 2012
Total Views: 42

Search Continues for Missing Bounty Captain
News

Search Continues for Missing Bounty Captain

PORTSMOUTH, Va. — The Coast Guard continues its search Wednesday for the missing captain of the HMS Bounty approximately 145 miles southeast of

October 31, 2012
Total Views: 32

US Navy Sends Three Ships to Assist Sandy Recovery – UPDATE
Navy

US Navy Sends Three Ships to Assist Sandy Recovery – UPDATE

Update: It appears that earlier reports saying that the US Navy was in the process of mobilizing as many as 3 ships to assist with rescue and recovery

October 31, 2012
Total Views: 22

Most Read

Featured

Russia Says Magnetic Mines Found On Tanker At Ust-Lugaport

MOSCOW, May 25 (Reuters) – Several NATO-produced magnetic mines had been detected on a tanker in Russia’s Baltic Sea port of

Featured

Tanker Reports Explosion Off Oman as UKMTO Warns Ships to Use Caution

A tanker operating east of Oman reported an external explosion near the vessel’s port side Tuesday morning, the latest in a string of maritime security

Featured

Supertanker With Iraq Crude Exits Persian Gulf As Talks Continue

By Julian Lee May 24, 2026 (Bloomberg) –A supertanker hauling Iraqi crude to China has left the Persian Gulf and crossed the US blockade line into

News

FMC Hits Maersk With $1.9 Million Penalty Over Detention Billing

The U.S. Federal Maritime Commission has secured a $1.9 million civil penalty settlement from Danish shipping giant A.P. Moller – Maersk over

Defense

Royal Navy Deploys Mine-Hunting Mothership for Potential Hormuz Mission

The United Kingdom is moving another major piece into place for a potential multinational operation in the Strait of Hormuz, with Royal Fleet Auxiliary vessel


Wednesday, October 31, 2012
bet intruder
News

Seanergy’s Fleet Continues to Dwindle with Sale of Panamax Bulk Carrier

In a move to reduce the company’s debt, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) announced today they have sold one of their 69,235 dwt Panamax

October 31, 2012
Total Views: 47

saigon queen cargo ship
Incidents

Cargo Ship Saigon Queen Sinks Off Sri Lanka, 4 Crew Missing

Tragic news today out of the Bay of Bengal when a Vietnamese cargo ship, Saigon Queen, sank off Sri Lanka.  The Vietnam Maritime Search and Rescue

October 31, 2012
Total Views: 143

Moss Maritime CS 60 E design fred olsen
News

Dolphin Drilling Gains Long Term Contract for the Bollsta Dolphin Newbuild

Still under construction at Hyundai Heavy Industries, the semi-submersible drilling rig which will eventually be named the Bollsta Dolphin, has just been

October 31, 2012
Total Views: 116

Compania Sud Americana de Vapores SA csav
Finance

CSAV Earns First Quarterly Profit Since 2010

Chilean shipper Compania Sud Americana de Vapores SA (VAPORES.SN) posted a quarterly profit for the first time in two years. The company reported a net

October 31, 2012
Total Views: 52

cscl jupiter containership
News

China Shipping Container Lines Squeaks Out a Respectable Profit While Competitors Eat Losses

(Bloomberg) — China Shipping Container Lines Co., the nation’s second cargo-box carrier, rose the most in more than four months in Hong Kong

October 31, 2012
Total Views: 118

Most Read

Russia Says Magnetic Mines Found On Tanker At Ust-Lugaport
Featured

Russia Says Magnetic Mines Found On Tanker At Ust-Lugaport

MOSCOW, May 25 (Reuters) – Several NATO-produced magnetic mines had been detected on a tanker in Russia’s Baltic Sea port of

Tanker Reports Explosion Off Oman as UKMTO Warns Ships to Use Caution
Featured

Tanker Reports Explosion Off Oman as UKMTO Warns Ships to Use Caution

A tanker operating east of Oman reported an external explosion near the vessel’s port side Tuesday morning, the latest in a string of maritime security

Supertanker With Iraq Crude Exits Persian Gulf As Talks Continue
Featured

Supertanker With Iraq Crude Exits Persian Gulf As Talks Continue

By Julian Lee May 24, 2026 (Bloomberg) –A supertanker hauling Iraqi crude to China has left the Persian Gulf and crossed the US blockade line into

FMC Hits Maersk With $1.9 Million Penalty Over Detention Billing
News

FMC Hits Maersk With $1.9 Million Penalty Over Detention Billing

The U.S. Federal Maritime Commission has secured a $1.9 million civil penalty settlement from Danish shipping giant A.P. Moller – Maersk over

Royal Navy Deploys Mine-Hunting Mothership for  Potential Hormuz Mission
Defense

Royal Navy Deploys Mine-Hunting Mothership for Potential Hormuz Mission

The United Kingdom is moving another major piece into place for a potential multinational operation in the Strait of Hormuz, with Royal Fleet Auxiliary vessel


Wednesday, October 31, 2012
baltic dry index
Finance

Tokyo-Based Shipping Companies Hit Hard, MOL Predicts Loss of 24 Billion Yen

(Bloomberg) — Nippon Yusen K.K., Japan’s biggest shipping line, lowered its annual profit forecast and Mitsui O.S.K. Lines Ltd. predicted a loss as

October 31, 2012
Total Views: 48

Tuesday, October 30, 2012
Tall Ships America Issues Statement on HMS Bounty Tragedy
News

Tall Ships America Issues Statement on HMS Bounty Tragedy

The non-profit maritime heritage organization Tall Ships America, of which the HMS Bounty was a member, released a statement on Tuesday expressing its

October 30, 2012
Total Views: 71

For Bounty Victim, It Was About “Making Her Ancestor Proud”
Interesting

For Bounty Victim, It Was About “Making Her Ancestor Proud”

As the search continues off the coast of Hatteras, N.C. for the missing captain of the sunken Bounty, the reality of the devastation left by Hurricane Sandy

October 30, 2012
Total Views: 729

Seventh Shipbreaker Dies From Injuries Sustained in Alang Explosion
Engineering News

Seventh Shipbreaker Dies From Injuries Sustained in Alang Explosion

A seventh shipbreaker has died as the result of an explosion on board a beached tanker at an Alang shipbreaking yard earlier this month. gCaptain reported on

October 30, 2012
Total Views: 30

Canada’s Fednav Orders New Icebreaker
Shipbuilding

Canada’s Fednav Orders New Icebreaker

Fednav, the world’s largest operator of ice-classed vessels and Canada’s leading deep-sea bulk transporter, announced Tuesday that it has placed an

October 30, 2012
Total Views: 106

Corporate News

May 27, 2026

Blue Water Marine Capital and Horizon Offshore Services Announce Strategic Cross-Purchase Agreement

Blue Water Marine Capital, headquartered in Linthicum, Maryland, and Horizon Offshore Services, based in Houston, Texas, are pleased to announce the successful completion of a 25%

May 22, 2026

Sustainable shipping without the spin

To meet the IMO’s emissions reduction targets, maritime industry commitment must extend to delivering greater data transparency and measurable action to prevent decarb projects

May 21, 2026

Industry?First ABS SeaTech Innovation Exchange Launches Strengthening Greek-U.S. Maritime Technology Collaboration

In an industry first, ABS has launched the ABS SeaTech Innovation Exchange, consisting of two advanced technology centers in Athens, Greece, and Houston, Texas, focused on

May 21, 2026

Growth For Estonian Flag Signals Maritime Ambitions of a Nation

A favourable tax regime, digitally enabled administration and a business culture fostering maritime growth are attracting more – and younger – ships to the Estonian Flag.

May 20, 2026

 Damen ASD Tug 2713 Fuel Flexible receives class and flag state approval

Damen Shipyards Group has received class and flag state approval for its ASD Tug 2713 Fuel Flexible (FF) to operate on methanol fuel. The approval was issued by Bureau

May 14, 2026

IEA supports digital transformation of Glaciar Pesquera fisheries fleet with Inmarsat NexusWave roll-out

Inmarsat Maritime, a Viasat company, has worked with its Argentinian partner Ingenieros Electrónicos Asociados (IEA) to implement NexusWave for Glaciar Pesquera to support the

May 13, 2026

An answer to many questions

The Damen Fuel Flexible Tugs range is prepared for the future – whatever it may hold The numerous new regulations facing the industry in recent years leave no room for doubt

May 12, 2026

Greek operators meet evolving connectivity demands with Inmarsat NexusWave

Inmarsat’s fully managed multi-network connectivity service is facilitating fleetwide digital transformation for a growing cohort of Greek ship owners and managers.

Corporate News

May 27, 2026

Blue Water Marine Capital and Horizon Offshore Services Announce Strategic Cross-Purchase Agreement

Blue Water Marine Capital, headquartered in Linthicum, Maryland, and Horizon Offshore Services, based in Houston, Texas, are pleased to announce the successful completion of a 25%

May 22, 2026

Sustainable shipping without the spin

To meet the IMO’s emissions reduction targets, maritime industry commitment must extend to delivering greater data transparency and measurable action to prevent decarb projects

May 21, 2026

Industry?First ABS SeaTech Innovation Exchange Launches Strengthening Greek-U.S. Maritime Technology Collaboration

In an industry first, ABS has launched the ABS SeaTech Innovation Exchange, consisting of two advanced technology centers in Athens, Greece, and Houston, Texas, focused on

May 21, 2026

Growth For Estonian Flag Signals Maritime Ambitions of a Nation

A favourable tax regime, digitally enabled administration and a business culture fostering maritime growth are attracting more – and younger – ships to the Estonian Flag.

May 20, 2026

 Damen ASD Tug 2713 Fuel Flexible receives class and flag state approval

Damen Shipyards Group has received class and flag state approval for its ASD Tug 2713 Fuel Flexible (FF) to operate on methanol fuel. The approval was issued by Bureau

May 14, 2026

IEA supports digital transformation of Glaciar Pesquera fisheries fleet with Inmarsat NexusWave roll-out

Inmarsat Maritime, a Viasat company, has worked with its Argentinian partner Ingenieros Electrónicos Asociados (IEA) to implement NexusWave for Glaciar Pesquera to support the

May 13, 2026

An answer to many questions

The Damen Fuel Flexible Tugs range is prepared for the future – whatever it may hold The numerous new regulations facing the industry in recent years leave no room for doubt

May 12, 2026

Greek operators meet evolving connectivity demands with Inmarsat NexusWave

Inmarsat’s fully managed multi-network connectivity service is facilitating fleetwide digital transformation for a growing cohort of Greek ship owners and managers.


Tuesday, October 30, 2012
captain keith schultz
News

A Day in the Life of Keith Schultz, Captain of Helix ESG’s Q4000 Well Intervention Rig

Captain Keith Schultz wakes up every morning on board the Q4000 with a long day ahead of him. Much more than just sailing the vessel safely throughout the

October 30, 2012
Total Views: 235

Russian Freighter Carrying Gold Ore Goes Missing in Storm

Russian Freighter Carrying Gold Ore Goes Missing in Storm

A Russian cargo ship with a nine-man crew and carrying 700 tons of gold ore has gone missing off of Russia’s Pacific coast. The Russian-flagged vessel,

October 30, 2012
Total Views: 79

Conrad Typhoon
Blog

Conrad’s Typhoon – A Vivid Tale of Storm Survival at Sea

With collapsed buildings, fires, flooded subways, a beached ship, and scorched transformers throughout New York City, some residents are thinking there is no

October 30, 2012
Total Views: 297

UPDATED: US Coast Guard Helicopter Crews Save 14 of Bounty’s Crew [RESCUE VIDEO/INTERVIEW]
Incidents

UPDATED: US Coast Guard Helicopter Crews Save 14 of Bounty’s Crew [RESCUE VIDEO/INTERVIEW]

United States Coast Guard helicopter crews rescued 14 sailors from two life rafts after the 3-masted ship Bounty foundered in the storm-tossed Atlantic Ocean

October 30, 2012
Total Views: 152

Sandy Tuesday Morning Update
News

Sandy Tuesday Morning Update

(Bloomberg) — Sandy, the Atlantic Ocean superstorm, slammed into New Jersey yesterday, plunging millions into darkness, blacking out much of Manhattan

October 30, 2012
Total Views: 35

gCaptain-jobs
gCaptain-jobs

Find Your Next Opportunity

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, October 30, 2012
china cosco
Finance

China COSCO Reports $243 Million Quarterly Loss, Still it’s Better than Last Year

SHANGHAI–China Cosco Holdings Co. (1919.HK), the country’s largest shipping company by fleet size, said Tuesday its third-quarter net loss narrowed

October 30, 2012
Total Views: 83

uscg cutter gallatin
Incidents

US Coast Guard Continues Search for the Captain of the Bounty, Search Area Expands Exponentially

The United States Coast Guard continues its search today for Captain Robin Walbridge, the missing captain of the HMS Bounty, a 180-foot sailboat which sank

October 30, 2012
Total Views: 280

hsh nordbank
Finance

Owners of Shipping Lender HSH Nordbank Willing to Replenish Guarantees

(Bloomberg) — HSH Nordbank AG’s main owners, the German federal states of Hamburg and Schleswig-Holstein, are willing to replenish the

October 30, 2012
Total Views: 43

shutterstock refinery refineries petrochemical plant
News

Oil Reserves Build as US East Coast Refineries Halt Production

(Bloomberg) — Oil fell for a second day in New York and headed for the biggest monthly decline since May after refiners reduced operations on the U.S.

October 30, 2012
Total Views: 51

Monday, October 29, 2012
Photos Show Sinking of ‘Bounty’ Tall Ship
Interesting

Photos Show Sinking of ‘Bounty’ Tall Ship

These photos, just released by the U.S. Coast Guard, show the 180-foot tall ship, HMS Bounty, as it sank today in the Atlantic Ocean during Hurricane Sandy

October 29, 2012
Total Views: 545