Everyone seems to looooooooove the X-bows, including Shell, who has partnered up with the Ulstein Group to come up with a next generation design of an
The Island Innovator, a DNV-classed semi-submersible drilling and well intervention rig was delivered today by COSCO Qidong shipyard to its new owner, Odfjell
Following a restructuring agreement signed today between the debt-crushed shipowner Torm, their banks, and their time-charter partners, Torm’s stock has
(Bloomberg) — Cargill Inc., which says it hires more commodity carriers than any company worldwide, and two other industrial shippers, will stop using
(Bloomberg) — Hong Kong arrested seven people and started a criminal investigation after at least 38 people were killed in the city’s worst
I covered the sinking of the COSTA CONCORDIA back in January and posted some of my initial comments in ‘COSTA CONCORDIA – Fred Fry’s Comments
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A tightening Panama Canal is once again forcing shipowners to weigh longer routes around South America, but the Swedish Club is warning that Cape Horn and the
For more than a century, commercial shipping steadily moved away from sails. Now they are coming back. Across the global fleet, shipowners are installing
A U.S.-contracted vessel carrying American personnel was struck in an Iranian drone and missile attack near the Strait of Hormuz earlier this week, Fox News
The U.S. Coast Guard’s icebreaker Healy will not carry out its planned high-latitude Arctic mission this summer following a serious engineering casualty in
Two U.S.-sanctioned heavy-lift vessels are carrying critical power-generation modules from China toward Russia’s Arctic LNG 2 project, according to satellite
The New Zealand government and Daina Shipping Co, owner of the stricken MV Rena, have reached a settlement over the Oct. 5, 2011 grounding of the container
The number of fatalities has risen to 38, approximately 100 injured Update 3: Hong Kong authorities have arrested 7 people, including both Captains. Death toll
Following shipyard upgrades to the Sevan Marine FPSO “Voyageur Spirit” at the Nymo upgrade yard at Eydehavn, Norway, the vessel has since
By Brent Kendall Maritime law is as old as the republic, yet we continue to argue about what counts as a boat. The Supreme Court was home to that
Based on an astonishing true incident that took place on the frigid seas off Iceland in 1984, The Deep fashions a modern-day everyman myth about the sole
A tightening Panama Canal is once again forcing shipowners to weigh longer routes around South America, but the Swedish Club is warning that Cape Horn and the
For more than a century, commercial shipping steadily moved away from sails. Now they are coming back. Across the global fleet, shipowners are installing
A U.S.-contracted vessel carrying American personnel was struck in an Iranian drone and missile attack near the Strait of Hormuz earlier this week, Fox News
The U.S. Coast Guard’s icebreaker Healy will not carry out its planned high-latitude Arctic mission this summer following a serious engineering casualty in
Two U.S.-sanctioned heavy-lift vessels are carrying critical power-generation modules from China toward Russia’s Arctic LNG 2 project, according to satellite
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After posting a loss of about ¥ 7.4 billion (USD $95 million) on the write-down of investment securities as a result of a decline in stock market prices, the
(Bloomberg) — Earnings for the biggest crude tankers will be 25 percent lower next year than previously estimated as increased U.S. shale-oil production
A violent storm ripped through Spain over the weekend bringing with it flash floods, high winds, tornadoes, and two side-by-side ship groundings along the
Bermuda-based Höegh LNG announced today a new joint venture with STX Pan Ocean that gives each party a 50% stake in the 153,600 cubic meter, tri fuel,
ABB announced today the winning of a $35 million order from the Baltic Shipyard Ltd to supply Azipod propulsion and associated distribution systems for a new
Glosten-designed 122-foot vessels mark the first new builds at New Pacific’s historic Vancouver waterfront facility. New Pacific Industrial (NP) has launched its first
ABS has signed a memorandum of understanding (MOU) with three Korean maritime organizations to advance the development of international standards for the next generation of smart
ABB today announces a technology partnership with Ferrari Hypersail that brings ABB’s electrification expertise to the world’s most ambitious offshore challenge. As
TotalEnergies Lubmarine division announces the launch of Aurelia FE, an innovative trunk piston engine oil designed to help shipowners reduce fuel consumption, lower operating
Latest classification society approval against IACS UR E27 verifies the secure-by-design architecture underpinning NexusWave and reinforces Inmarsat Maritime’s commitment to
ABS and JB Energy have signed a memorandum of understanding (MOU) to collaborate on strategic studies for the proposed Aura Sul Wind Project, a floating offshore wind pilot under
Industry-first analysis combines three years of GMDSS distress call data with almost 107,000 maritime safety broadcasts, revealing how extreme weather, operational pressures and
ABB has been selected as the power, propulsion and automation technology partner for two new Ro-Pax ferries, to be named Kupe and Cook, which form part of Cook Strait
Glosten-designed 122-foot vessels mark the first new builds at New Pacific’s historic Vancouver waterfront facility. New Pacific Industrial (NP) has launched its first
ABS has signed a memorandum of understanding (MOU) with three Korean maritime organizations to advance the development of international standards for the next generation of smart
ABB today announces a technology partnership with Ferrari Hypersail that brings ABB’s electrification expertise to the world’s most ambitious offshore challenge. As
TotalEnergies Lubmarine division announces the launch of Aurelia FE, an innovative trunk piston engine oil designed to help shipowners reduce fuel consumption, lower operating
Latest classification society approval against IACS UR E27 verifies the secure-by-design architecture underpinning NexusWave and reinforces Inmarsat Maritime’s commitment to
ABS and JB Energy have signed a memorandum of understanding (MOU) to collaborate on strategic studies for the proposed Aura Sul Wind Project, a floating offshore wind pilot under
Industry-first analysis combines three years of GMDSS distress call data with almost 107,000 maritime safety broadcasts, revealing how extreme weather, operational pressures and
ABB has been selected as the power, propulsion and automation technology partner for two new Ro-Pax ferries, to be named Kupe and Cook, which form part of Cook Strait
With Petrobras, and thus Brazil, standing to lose $3 billion or more in lost revenues due to missed oil and gas production targets, the head of
(Bloomberg) — Petroleo Brasileiro SA, the world’s biggest oil producer in deep waters, asked Brazilian courts and regulators to override a ruling
With a full cargo of coal destined for Karachi, Pakistan, the Marshall Islands-flagged bulk carrier Sea Moon was about 140 miles southwest of Bermuda when an
![50 Supertankers? China, I’m Sorry, but I Don’t Believe You [OP/ED]](https://gcaptain.com/wp-content/uploads/2012/09/Alexander-the-Great-VLCC.jpeg)
There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50
China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate
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China’s Rongsheng Heavy Industries announced today the delivery of a pair of 380,000 DWT Very Large Ore Carriers (VLOCs); one to Brazilian ore giant
d’Amico International Shipping S.A. (Borsa Italiana: DIS), has announced that its subsidiary d’Amico Tankers Ltd has signed a $66 million contract
NEWPORT NEWS, Va. — Huntington Ingalls Industries (NYSE:HII) announced today the receipt of a $296 million contract modification, under a previously
Following dismal news from the Brazilian Federal Court yesterday, offshore drilling contractor Transocean Ltd. (NYSE: RIG) (SIX: RIGN) received an
(Dow Jones) Shipping companies are demolishing their vessels at an unprecedented rate this year, hoping to eliminate some capacity to cushion the impact of a
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