gCaptain – Maritime and Offshore News

SINGAPORE–Cosco Corp. Ltd. (F83.SG) said Wednesday its net profit in the fiscal second quarter fell 13% as revenue from its shipyard operations fell and

While Royal Navy ships protect the London Olympics others have rushed to prevent a pirate attack in the Middle East.  The minehunters HMS Middleton and HMS

(Bloomberg) — Oil in New York headed for the first monthly increase since April before meetings of central bank policy makers to discuss the economy and

Researchers from Sweden’s Uppsala University have recently released some findings of a rather interesting study that dispel popular beliefs dating back

To meet the increased need of polar scientific research,  China’s State Oceanic Administration (SOA), Chinese Arctic and Antarctic Administration

(Bloomberg) — Russia is taking legal action to block companies controlled by Iran from acquiring the strategic Astrakhan port on the Caspian Sea in

New York City Prison Barge, The Vernon C. Bain Center (VCBC), is an 800-bed jail barge that is designed to handle inmates from medium- to maximum-security in

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd., which hasn’t announced any 2012 ship orders, may find winning deals even harder

With an average contract duration of over 10 years, Greek containership owner, Danaos Corporation (NYSE: DAC) is largely protected from the fluctuations found

MELBOURNE–A worldwide glut of containers and a fall in demand for shipped goods during the global financial crisis have pushed shipping prices to

TOKYO–Nippon Yusen KK (9101.TO) said Tuesday that it has slashed its investment to build new liquefied natural gas carriers and floating production,

TOKYO–Japan Bank For International Cooperation has signed a contract to lend up to $1.927 billion dollars to a Japanese consortium that owns a minor

The burnt out MSC Flaminia, along with the small flotilla of firefighting tugs, have anchored off the British coast as crews work to extinguish any leftover

(Bloomberg) — Losses widened for oil tankers hauling 2 million-barrel crude cargoes on the industry’s benchmark route to Asia from the Persian Gulf

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. plunged to its lowest level since 2010 in Hong Kong trading after the U.S. Securities

(Bloomberg) — The number of cargoes booked on Panamax bulk carriers, the largest to transit the Panama Canal, slumped 33 percent in July amid slowing

67 years ago, USS Indianapolis (CA-35) arrived at the Pacific island of Tinian to deliver the firing mechanism and uranium-235 material for the first atomic

Knightsbridge Tankers Limited (Nasdaq:VLCCF) announced today that two of its charterers, Hong Xiang Shipping Holding Co Limited and Sanko Steamship, have

(Bloomberg) — India’s Supreme Court ruled that the ship that spilt millions of gallons of oil in waters off Alaska in 1989 can be recycled in the

(Bloomberg) — China National Offshore Oil Corp. won government approval to build another liquefied natural gas terminal in southern China’s

In their recent SEC filing, Vantage Drilling Company (NYSE: VTG) reports carrying over $2 billion in long term debt, nearly double last year’s figure

In 1892, the first steamer “Cremon” set sail for Montreal flying the Hapag flag.  Today, Hapag-Lloyd is the largest container carrier in Canada,

Twenty-two nations, more than 40 ships and submarines, more than 200 aircraft and 25,000 personnel are currently participating in the biennial Rim of the

BRASILIA–Brazil’s state-controlled oil company Petrobras (PBR, PETR4.BR) Friday launched a program to increase efficiency at its operations in

The ex-USS Kilauea, a former ammunition ship and a later staple of the Military Sealift Command for almost 30 years, was sunk earlier this week at the hands of