gCaptain – Maritime and Offshore News

The index climbed 1.1 percent to 751, according to the London-based Baltic Exchange, an assessor of freight costs. Average hire costs for Panamax ships, which

A joint development project (JDP) between HHI and Lloyd’s Register meets market demand for a new generation of drillships With the heightened

0903 GMT 9 Jan STOCK CALL: While both Keppel (BN4.SG) and SembMarine (S51.SG) are well positioned to benefit from increased industry spending and replacement

AMSTERDAM–Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) Thursday confirmed its earnings outlook for 2012 at an extraordinary meeting of

Rates to ship liquefied natural gas are gaining as the gap between prices in Europe and Asia is set to widen throughout the winter. A vessel was booked for

The United States Coast Guard has begun to investigate today’s commuter ferry incident. The incident occurred in New York City early this morning when

Chris Dolmetsch, Michelle Kaske and Phil Kuntz A commuter ferry carrying passengers to New York City from New Jersey crashed into a pier near the financial

By Kyunghee Park and Jasmine Wang China’s shipbuilders are set to spark a price war in the oil-rig market. With orders for new ships plunging to an

Ever since the AIVIQ lost the initial tow of Shell’s Kulluk drilling rig on December 27th, there were so many new developments and information pouring

These are the first ever photos captured of a live giant squid in its natural habitat. The photos are still images  taken from video captured back in July

Click HERE for latest update Update: The incident occurred at the Pier 11 ferry terminal in Manhattan, N.Y. Fifty-seven injuries have been reported after the

SKF AB, the world’s largest maker of ball bearings, agreed to buy Hamburg-based ship-component maker Blohm & Voss Industries GmbH to expand its

CGGVeritas, the largest seismic surveyor of oilfields, slumped by the most in more than three months in Paris trading after saying potential deals in Brazil

Norwegian Cruise Line Holdings Ltd. said its initial public offering of 23.5 million shares will likely price between $16 and $18 a share. The cruise-line

Norwegian offshore engineer Dof ASA (DOF.OS) said Wednesday it has secured multiple contract awards, worth a total of about $130 million, in the North Sea and

As the Coast Guard and the National Transportation Safety Board launch their investigation into Monday’s tanker allision with the San Francisco Bay

Yesterday was a bad day for Cap’n Paul Watson. Not only was he forced to resign from his post as president of Sea Shepherd in wake of legal issues

The Finnish Government has asked the European Commission to look into French state subsidies given to STX France that may have helped the yard win a billion

Located in the cold Norwegian waters north of the Arctic circle in waters 1300 meters deep, a huge spar platform named the Aasta Hansteen will be installed in

With a whopping 1,134 votes, the first place winner in the annual Coast Guard Rescue Video Competition is… Surf’s Up! The video, shot in the first

GasLog Ltd. (GLOG) named Chief Strategy Officer Paul Wogan as its new chief executive officer. He replaces Peter G. Livanos, who has served as both chairman

By Balazs Koranyi OSLO – Lying at the bottom of a giant water-filled pit in western Norway, a thousand-tonne gas compressor is humming along, going

D/S Norden AS, Europe’s biggest commodity-shipping company, is betting that transport rates will continue to slump this year, a wager that will help it

A double-hulled oil tanker owned by Overseas Shipholding Group sustained damage, but is not believed to be leaking oil after alliding with the San Francisco

A new British private navy will soon begin plying the Indian Ocean to help support the fight against Somali pirates. The UK’s Sunday Times reported