gCaptain – Maritime and Offshore News

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

A Singaporean ship chandler was killed Tuesday after falling into the water while disembarking from a bulk carrier at the Port of Singapore following a

Danish dry bulk operator Ultrabulk said Wednesday that continuous delays have forced the company to cancel its order for two large Panamax bulkers from

The Vestas Sailrocket team has had its eye on the world record since their first boat was launched in 2002. Now, over ten years later, the team finds

(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the

Coral Princess Cruises has been fined $180,000 following the death of a crewman after he was trapped by a powered door while working on the cruise ship

As the shipping industry endeavours to conserve expensive fossil fuels, cargo ship designers are now turning to the oldest source of power there is: the wind

R. Keith Michel, Chairman of the Board of the Herbert Engineering Group of Companies, has been appointed President of Webb Institute, the country’s

The re-floating stage is illustrated in this picture, after the parbuckling phase has been completed and caissons have been attached to the starboard side of

BEIJING–Brazilian miner Vale SA has spent around $2 billion on a fleet of huge ships to carry its iron ore from Brazil to China. The problem: China

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has been awarded its initial customer contractual commitments for the Helix 534.  

SAN DIEGO–General DynamicsNASSCO on Tuesday completed the complex float out operation for the U.S. Navy’s first Mobile Landing Platform (MLP) ship,

The newly reported engineer on board the Bounty, Chris Barksdale, discusses the Captain’s fateful announcement which took place before they left port in

In a spectacular example of lifting gear failure, this 132 ton EMD GT46C-ACe locomotive was dropped while being transferred from the ship to the pier. The

MODEC, a Tokyo-based offshore engineering contractor announced today that Petrobras signed a Letter of Intent with them for the supply, charter, and operations

(Bloomberg) — China, which imports more iron ore than the rest of the world combined, will buy a record amount this quarter, easing concern about the

(Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container shipping line, is betting that China will evolve into a consumer

The Emma Maersk and her E-class of sister containerships have had their day in the sun, but there’s now an even bigger kid on the block named Marco Polo

Damen Shipyards Group and Wilson Sons announced today they have signed a contract for ten Damen ASD Tugs 2411 and two ASD Tugs of the new 3212-type, destined

Offshore engineering firm GustoMSC, which is part of the SBM Offshore Group, has been sold to the private equity firm Parcom Capital for a consideration of

Although vessels will be required to carry a Ship Energy Efficiency Management Plan from January 1st 2013, the regulation is not designed to be complex or