gCaptain – Maritime and Offshore News

(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

RIO DE JANEIRO–Brazilian shipbuilder and oil-field-services company OSX Brasil SA (OSXB3.BR), part of billionaire businessman Eike Batista’s

The death toll in the chemical tanker fire in Malaysia has risen to three after two more bodies were recovered from the water not far from the burning tanker.

Tsakos Energy Navigation Limited (TEN) announced a new two-year time charter extension today for their 2008 built, 105,392 dwt, double hull aframax tanker,

(Bloomberg) — A cargo of liquefied natural gas due to reload at an import terminal in Spain next week has been canceled, said Enagas SA, the

Singapore-based shipping company, Swire Pacific Offshore, has accepted delivery of the Pacific Orca, which at 161 meters in length, is the world’s

RIO DE JANEIRO–Brazilian mining giant Vale SA (VALE, VALE5.BR) continues to negotiate for access to Chinese ports for its Valemax large iron-ore

Three people, including the Master, have been charged with manslaughter in connection with last weeks ferry sinking off the coast of Zanzibar that may have

(Bloomberg) — China has too many ships. The glut has pushed new vessel prices to eight-year lows and caused a 49 percent plunge in first-half orders at

By Klaus Luhta, KlausLuhta.com If you are looking for some licentious and lascivious reading relating to shipping, look no further than the Paris MOU list of

Except maybe for this boat built by Zyvex Marine which has carbon nanotubes infused into its fiberglass… In case you didn’t know it, carbon

(Bloomberg) — Superyachts equipped with helipads and submarines have joined Britain’s biggest warship, more than a dozen tall ships and cruise

UPDATE (7/27/12): Bunga Alpinia Death Toll Rises to Three Original (7/26/12): An explosion and fire, reportedly the result of a lightning strike, engulfed the

Among a bit of doom and gloom lately with the fluctuations in the dry bulk market, Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry