gCaptain – Maritime and Offshore News

(Bloomberg) — Earnings for the biggest crude tankers will be 25 percent lower next year than previously estimated as increased U.S. shale-oil production

A violent storm ripped through Spain over the weekend bringing with it flash floods, high winds, tornadoes, and two side-by-side ship groundings along the

Bermuda-based Höegh LNG announced today a new joint venture with STX Pan Ocean that gives each party a 50% stake in the  153,600 cubic meter, tri fuel,

ABB announced today the winning of a $35 million order from the Baltic Shipyard Ltd to supply Azipod propulsion and associated distribution systems for a new

With Petrobras, and thus Brazil, standing to lose $3 billion or more in lost revenues due to missed oil and gas production targets,  the head of

(Bloomberg) — Petroleo Brasileiro SA, the world’s biggest oil producer in deep waters, asked Brazilian courts and regulators to override a ruling

With a full cargo of coal destined for Karachi, Pakistan, the Marshall Islands-flagged bulk carrier Sea Moon was about 140 miles southwest of Bermuda when an

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50

China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate

China’s Rongsheng Heavy Industries announced today the delivery of a pair of 380,000 DWT Very Large Ore Carriers (VLOCs); one to Brazilian ore giant

d’Amico International Shipping S.A. (Borsa Italiana: DIS), has announced that its subsidiary d’Amico Tankers Ltd has signed a $66 million contract

NEWPORT NEWS, Va. — Huntington Ingalls Industries (NYSE:HII) announced today the receipt of a $296 million contract modification, under a previously

Following dismal news from the Brazilian Federal Court yesterday, offshore drilling contractor Transocean Ltd. (NYSE: RIG) (SIX: RIGN) received an

(Dow Jones) Shipping companies are demolishing their vessels at an unprecedented rate this year, hoping to eliminate some capacity to cushion the impact of a

In response to our article this week calling out 7 ships that were detained by the MCA, Captain Bjorn Hojgaard, Chief Executive Officer of Hong Kong-based

Just hours after announcing a 3-year contract with Noble for its newbuild Atwood Advantage drillship, Houston-based Atwood Oceanics, Inc. (NYSE: ATW) says that

Following six weeks of intensive operations in often challenging sea conditions, Resolve Salvage & Fire this week announced the removal of the first 600

Amid the throngs of maritime professionals from around the world and the huge expanse of the 2012 SMM Hamburg conference, I sat down with the American Bureau

There were a number mistakes made by multiple people that ultimately led up to the January 13 wreck of the Costa Concordia on the island of Giglio.

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that at approximately noon Rio De Janeiro time (11 a.m., ET), the federal court in Rio de Janeiro

Teekay’s Market Analyst Christian Waldegrave gives his September 2012 conventional tanker market update while attending the Jefferies Conference in New

(Bloomberg) — Hyundai Heavy Industries Co., the world’s biggest shipbuilder, made a preliminary bid for an $890 million stake in planemaker Korea

“A century after the Titanic was lost in the icy waters of the North Atlantic, the IMO is striving to ensure continual improvement in safety at sea. Its

Damen Shipyards Group announced today they will be supplying Dutch maritime services provider Acta Marine with four Shoalbuster anchor handling tugs. Three

Noble Energy, Inc. (NYSE: NBL) announced today that it has signed a 3-year contract, at a day rate of $584,000, for the Atwood Advantage, a DNV-classed,