gCaptain – Maritime and Offshore News

PARIS–CMA CGM, the world’s third-largest container shipping company, Friday said it sold a 49% stake in its port operator Terminal Link to China

By Michelle Wiese Bockmann (Bloomberg) — The fleet of ships carrying minerals and grains will expand at double the pace of trade growth for a second year

Jan. 25 (Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, is facing trading restrictions on its shares after saying it

Well that looks like a good way to kill yourself… The only thing we know about this video is that it was shot off Ocean Beach in San Francisco.

New pictures of the USS Guardian released today by the U.S. Navy show the minesweeper still hard aground on the Tubbataha Reef in the Philippines. The photos,

An Argentine navy warship made famous for its role in the Falklands War has sunk, Argentina’s Navy confirmed this week. According to a Navy statement,

Update: The storm “bombed out” at 930mb on Saturday. For reference Hurricane Sandy was measured at 940 millibars. Update: A 1003mb low off the

A dive survey to conduct an external visual assessment of the MV Rena’s sunken stern section and its cargo has been completed, salvors of the stricken

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

By Jeanne M. Grasso & Jonathan K. Waldron All was relatively tranquil offshore in 2011–2012 with respect to Jones Act issues. Activities offshore had

SHANGHAI–Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world’s No. 2 economy, despite other

New York-listed Seaspan Corporation (NYSE: SSW) announced Wednesday that it has signed contracts for the construction of four fuel efficient 10,000 TEU

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

Italian shipbuilding group Fincantieri on Wednesday said that it has successfully completed its previously announced purchase of a controlling stake in STX OSV

By Rob Sheridan Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia,

In a boost for biofuels in marine applications, the Canadian government has announced that it is exploring the potential to use biofuels for its Navy. In a

TOKYO – Mitsubishi Heavy Industries, Ltd. (MHI), working jointly with Mitsui O.S.K. Lines, Ltd. (MOL), has developed installation technology of a ballast

By Frances Robinson BRUSSELS–The European Commission has opened an in-depth investigation to verify whether numerous public support measures granted by

The Clipper Stad Amsterdam, jointly owned by the city of Amsterdam and HR agency Randstad, has been plying the world’s oceans continuously since her

Jan. 23 (Bloomberg) — Chile’s richest family has turned the world’s worst-performing container shipper into a champion by shedding rented

Jan. 23 (Bloomberg) — Nippon Steel & Sumitomo Metal Corp., Japan’s top steelmaker, will consider using more Valemax carriers to receive ore

WASHINGTON – The National Transportation Safety Board’s latest update on the ongoing investigation into the Jan. 9 Seastreak Wall Street hi-speed

The Chief Officer of cargo ship has been fined after his ship ran aground when he apparently fell asleep while going to the head. The U.K.’s Maritime and

Drilling contractor Pacific Drilling (NYSE: PACD) is kicking off 2013 by continuing on an aggressive ultra-deepwater drillship expansion program, announcing