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gCaptain – Maritime and Offshore News


Tuesday, July 31, 2012
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Finance

Japanese Consortium Gains Nearly $2 Billion in Financing for Wheatstone LNG Development

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

Tuesday, July 31, 2012
Total Views: 30

Monday, July 30, 2012
Conditions Improve On Board MSC Flaminia

Conditions Improve On Board MSC Flaminia

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

July 30, 2012
Total Views: 7

oscilla frontline vlcc
News

Bunker Prices are Still Crushing Shipowners as Asian VLCCs Post Huge Net Losses

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

July 30, 2012
Total Views: 8

rongsheng heavy
News

Rongsheng Shipbuilding Chairman Tied to CNOOC-Nexen Insider Trading Scandal

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

July 30, 2012
Total Views: 25

Tsuru coal carrier
News

Panamax Bookings Take a Dive as Chinese Coal Demand Softens

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

July 30, 2012
Total Views: 4

USS Indianapolis
Defense

67 Years Ago, A Cargo of Death and Sea of Horror

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

July 30, 2012
Total Views: 57

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Monday, July 30, 2012
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News

Knightsbridge Gets Burned by Capesize Charterers, Damages Sought

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

July 30, 2012
Total Views: 3

exxon valdez
Interesting

It’s Really Gonna Happen This Time, the Exxon Valdez is Doomed

(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

July 30, 2012
Total Views: 9

lng terminal chicksans articulating arms
News

China Plans to Triple LNG Consumption in the Near Future

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

July 30, 2012
Total Views: 5

Titanium Explorer Dragonquest Vantage drilling dsme shipyard
Finance

Mired in Debt, Vantage Drilling Reports Another Tough Quarter

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

July 30, 2012
Total Views: 23

Sunday, July 29, 2012
Montreal express hapag lloyd containership canada
News

Hapag-Lloyd Celebrates 120 Years of Liner Service to Canada

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

July 29, 2012
Total Views: 27

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Sunday, July 29, 2012
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Defense

Global Navies Assemble for RIMPAC [IMAGES]

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

July 29, 2012
Total Views: 340

Saturday, July 28, 2012
FPSO OSX Campos Basin Brasil offshore
News

Petrobras Launches Campaign to Get Campos Basin Back on Track

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

July 28, 2012
Total Views: 4

Friday, July 27, 2012
Australian Sub Sinks U.S. Navy Ship (But Don’t Worry, It Was Just for Practice) [PHOTO]
Blog

Australian Sub Sinks U.S. Navy Ship (But Don’t Worry, It Was Just for Practice) [PHOTO]

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

July 27, 2012
Total Views: 291

sete brasil petrobras fpso
News

OSX Brasil Positioning Itself to Compete for Big Petrobras Contracts

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

July 27, 2012
Total Views: 9

Bunga Alpinia Death Toll Rises to Three

Bunga Alpinia Death Toll Rises to Three

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.

July 27, 2012
Total Views: 526

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Friday, July 27, 2012
Nippon Princess tsakos energy navigation
News

Tsakos Energy Navigation Scores $14.5 Million Contract Extension for the Nippon Princess

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,

July 27, 2012
Total Views: 54

lng tanker offloading cargo
News

Reload of LNG Cargo Canceled at Spanish Port, Upcoming Shipments Appear on Track

(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

July 27, 2012
Total Views: 25

Thursday, July 26, 2012
pacific orca windfarm vessel samsung swire
News

World’s Largest Windfarm Installation Vessel Delivered by Samsung Heavy

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

July 26, 2012
Total Views: 84

Valemax Troubles Persist

Valemax Troubles Persist

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

July 26, 2012
Total Views: 3

Three Charged In Zanzibar Ferry Disaster

Three Charged In Zanzibar Ferry Disaster

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

July 26, 2012
Total Views: 76

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