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gCaptain – Maritime and Offshore News


Thursday, July 26, 2012
China’s Shipbuilding Slump “Pretty Depressing”
Engineering News

China’s Shipbuilding Slump “Pretty Depressing”

(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

Thursday, July 26, 2012
Total Views: 41

The U.S.-Flag’s Real Shades of Gray [OP/ED]
Blog

The U.S.-Flag’s Real Shades of Gray [OP/ED]

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

July 26, 2012
Total Views: 10

zyvex marine LRV-17 nanotubes boat
Engineering News

What’s More Incredible than Carbon Nanotubes? Almost Nothing, Actually

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

July 26, 2012
Total Views: 190

Superyachts to Tall Ships – Vessels Descend Upon London Olympic Games
Blog

Superyachts to Tall Ships – Vessels Descend Upon London Olympic Games

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

July 26, 2012
Total Views: 30

Bunga Alpinia 3 fire explosion malaysia
Fire Incidents

Chemical Tanker Explodes Off Malaysia, Fire Now Threatens Nearby Methanol Silo [UPDATED]

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

July 26, 2012
Total Views: 1590

greek navios maritime holdings buena ventura
Finance

Navios Maritime Reports 24% Jump in Net Income in Q2

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

July 26, 2012
Total Views: 25

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Thursday, July 26, 2012
MSC Flaminia Continues to List and Smolder While Nearing British Coast
Fire Incidents

MSC Flaminia Continues to List and Smolder While Nearing British Coast

MSC Flaminia and her cargo of smoldering containers has nearly reached the coast of the UK and British authorities are currently working on sorting out a

July 26, 2012
Total Views: 6

offshore drilling sunset semisubmersible
News

US House of Representatives Votes to Open California and Virginia to Offshore Drilling

(Bloomberg) — The Republican-led U.S. House of Representatives passed legislation opening the California and Virginia coasts

July 26, 2012
Total Views: 2

Wednesday, July 25, 2012
U.S. Navy Lowballing Shipbuilding Costs [REPORT]
Navy

U.S. Navy Lowballing Shipbuilding Costs [REPORT]

The U.S. Navy is underestimating the cost of its proposed 30-year shipbuilding program by 19 percent, the non-partisan Congressional Budget Office said in a

July 25, 2012
Total Views: 21

Power of the Ocean – Huge Waves and Heavy Seas | 3 Incredible Videos
gCaptain

Power of the Ocean – Huge Waves and Heavy Seas | 3 Incredible Videos

In the words of the great John Bossie “Mother Nature and the Sea are extreme forces that must be respected at all times.” Here are some videos that

July 25, 2012
Total Views: 116

irisl iran shipping
News

Ties are Cut as India’s Joint Venture With Iranian Shipping Company Gets Strangled

(Bloomberg) — Shipping Corp. of India said a joint-venture with the Islamic Republic of Iran Shipping Lines will end after sanctions against the Iranian

July 25, 2012
Total Views: 1

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Wednesday, July 25, 2012
UN Should Back Off On Private Security
Interesting

UN Should Back Off On Private Security

By Michael Grey, Contributing Editor to Clay Maitland’s blog It is a bit rich, all this carping criticism from the United Nations about the private

July 25, 2012
Total Views: 5

Glacier “Tsunami” Nearly Swamps Sightseeing Boat Off Greenland [VIDEO]
Incidents

Glacier “Tsunami” Nearly Swamps Sightseeing Boat Off Greenland [VIDEO]

Tourists get the full experience of the power of a calving glacier while on a boat trip off Ilulissat, Greenland.  Fortunately, and somewhat amazingly, nobody

July 25, 2012
Total Views: 63

liberty maritime
News

Hidden in New Highways Bill, ‘Stealth Attack’ Stuns Maritime Unions

By Bruce Vail, contributing writer at Working In These Times Unions representing the crewmembers aboard U.S.-flag cargo ships are reeling from a stunning

July 25, 2012
Total Views: 26

sea cheyenne gulfmark
News

Gulfmark Offshore Announces Additional Jones Act Newbuilds, and 300% Revenue Increase

Gulfmark Offshore released their Q2 operating results on Monday and at the same time, announced their intention to build two additional Jones Act platform

July 25, 2012
Total Views: 47

oil storage tanks salalah
News

US Demand for Gasoline “Still Weak”, Oil Futures on the Decline

(Bloomberg) — Oil traded near its lowest in a week in New York on speculation that an increase in U.S. crude stockpiles signaled slowing demand in the

July 25, 2012
Total Views: 8

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Wednesday, July 25, 2012
cruise ship stockholm collision andrea doria
Blog

56 Years Ago Today, Andrea Doria Sinks Off Nantucket in Catastrophic Collision [IMAGES]

On 25 July 1956, the Italian liner Andrea Doria and Swedish cruiser Stockholm collided off Nantucket on the New England coast. USS Edward H. Allen (DE 531) and

July 25, 2012
Total Views: 4154

irisl iranian shipping lines
News

Business Dealings with the Iranians Will Likely NOT Be in Your Favor

If it looks like a deal that’s too good to be true, it likely is, especially if it involves reflagging unregistered ships.  The following is a report by

July 25, 2012
Total Views: 9

West Auriga seadrill drillship
News

It Seems That Seadrill Will be Buying Beers Today

Because they just won $4 Billion in contracts for three of their rigs, two of which haven’t even been built yet… The combined 3 rig package

July 25, 2012
Total Views: 31

Deepwater Champion Transocean seatrial drillship
Engineering News

Rolls Royce Thrusters Chosen For New Deep Water Drillships

Seadrill has again specified Rolls-Royce thrusters for three drillships to be built by Samsung in Korea. Each vessel will be equipped with six azimuth

July 25, 2012
Total Views: 52

Tuesday, July 24, 2012
VLCC Owners See Lowest Returns Since 2008 And It Ain’t Getting Better

VLCC Owners See Lowest Returns Since 2008 And It Ain’t Getting Better

(Bloomberg) — A glut of the biggest oil tankers in the Persian Gulf expanded, a Bloomberg survey showed, adding to pressure on owners facing returns near

July 24, 2012
Total Views: 1

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