gCaptain – Maritime and Offshore News

ATHENS, Greece – Capital Product Partners L.P. (NASDAQ: CPLP) today announced that it acquired from Capital Maritime & Trading Corp. (CMTC) two post

Banks will exert more control over the shipping industry this year as vessel values continue to decline, according to accounting firm Moore Stephens LLP.

Rising steel prices and falling stockpiles of iron ore in China may lead to increased imports of the commodity, boosting demand for shipping, according to

Jasmine Wang, Kyunghee Park and Natasha Khan Maersk Line, the world’s biggest container-shipping company, threatened to stop using cleaner fuel at Hong

The Kulluk incident’s Unified Command on Saturday gave the go-ahead to Shell to remove the grounded drilling rig near Sitkalidak Island in Alaska. In a

Editor’s Note: Shell’s statement comes on the heels of reports yesterday that Shell’s decision to move the Kulluk was to avoid Alaskan state

Here’s what happens when you launch a fast rescue craft while disregarding almost every possible safety or written

Kiyomura K.K., a Tokyo-based sushi chain, paid a record 155.4 million yen ($1.76 million) to outbid an affiliate of a Hong Kong-based rival for a tuna it said

Temperatures in China have plunged to their lowest in almost three decades, cold enough to freeze coastal waters and trap 1,000 ships in ice, official media

ANCHORAGE, AK – Unified Command today continued with assessment of the Kulluk, deployment of recovery equipment and staging oil spill response equipment.

This week BIMCO, the largest international shipping association representing shipowners controlling roughly 65 percent of the world’s tonnage, published

ExxonMobil Corp. (XOM) will spend $14 billion to develop the Hebron oil field offshore Newfoundland and Labrador, a project it expects to yield 700 million

By Susan Olcott, This New Year comes with new opportunities – as well as the potential for conflicts – in the open ocean. In 2013, the US federal

By Margherita Stancati Two Italian marines who were jailed last year for allegedly killing two fishermen off the coast of Kerala returned to India after

Helix Energy Solutions Group Inc. is turning into a takeover target after streamlining the company to focus on its expanding operations for offshore oil-well

Rates to ship iron ore rose the most in almost eight weeks on speculation China’s steel industry is stockpiling the commodity before domestic mines shut

At least 45 of the largest dry-bulk vessels were re-sold in 2012 while being built at shipyards because delays led to cancellations or the original orderer

Sometimes deck operations offshore don’t go as planned, which is why DP operators make a conscious effort to ensure that the sea floor below the ship is

The drought-depleted Mississippi River will remain safe for barge traffic at least for the next week and possibly until Jan. 26, as the U.S. Army Corps of

By Jim Efstathiou Jr. This week’s grounding of a rig off the coast of Alaska adds to a series of mishaps in Royal Dutch Shell Plc’s seven-year

DFDS, the Danish shipping and logistics company, confirmed Thursday that it is in fact negotiating with the struggling German shipyard P+S Werften concerning

The Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought

Royal Dutch Shell PLC (RDSA, RDSA.LN) has repaired a piece of safety equipment intended for its Arctic drilling program and will soon ask U.S. regulators to

*UPDATE* ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that it has reached an agreement with the U.S. Department of Justice to

South Korea’s government is moving to bar foreign shipping lines from contracts in the state-run energy sector as it supports domestic companies