gCaptain – Maritime and Offshore News

(Bloomberg) — Prices for new ships have fallen to an eight-year low as shipyards sacrifice margins to win orders. Hyundai Heavy Industries Co., the

Hurricane Sandy isn’t the only storm causing problems for mariners this week. In India, a powerful cyclone that has been brewing in the northern Indian

The Port of New York and New Jersey is one of the busiest ports in the world and thus a major commercial artery for global commerce. In 2011, the

An explosion at a South Korean shipyard has killed two workers and injured nine others, Yonhap News Agency has confirmed with Police. The explosion occurred at

PORTSMOUTH, Va. — The Coast Guard continues its search Wednesday for the missing captain of the HMS Bounty approximately 145 miles southeast of

Update: It appears that earlier reports saying that the US Navy was in the process of mobilizing as many as 3 ships to assist with rescue and recovery

In a move to reduce the company’s debt, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) announced today they have sold one of their 69,235 dwt Panamax

Tragic news today out of the Bay of Bengal when a Vietnamese cargo ship, Saigon Queen, sank off Sri Lanka.  The Vietnam Maritime Search and Rescue

Still under construction at Hyundai Heavy Industries, the semi-submersible drilling rig which will eventually be named the Bollsta Dolphin, has just been

Chilean shipper Compania Sud Americana de Vapores SA (VAPORES.SN) posted a quarterly profit for the first time in two years. The company reported a net

(Bloomberg) — China Shipping Container Lines Co., the nation’s second cargo-box carrier, rose the most in more than four months in Hong Kong

(Bloomberg) — Nippon Yusen K.K., Japan’s biggest shipping line, lowered its annual profit forecast and Mitsui O.S.K. Lines Ltd. predicted a loss as

The non-profit maritime heritage organization Tall Ships America, of which the HMS Bounty was a member, released a statement on Tuesday expressing its

As the search continues off the coast of Hatteras, N.C. for the missing captain of the sunken Bounty, the reality of the devastation left by Hurricane Sandy

A seventh shipbreaker has died as the result of an explosion on board a beached tanker at an Alang shipbreaking yard earlier this month. gCaptain reported on

Fednav, the world’s largest operator of ice-classed vessels and Canada’s leading deep-sea bulk transporter, announced Tuesday that it has placed an

Captain Keith Schultz wakes up every morning on board the Q4000 with a long day ahead of him. Much more than just sailing the vessel safely throughout the

A Russian cargo ship with a nine-man crew and carrying 700 tons of gold ore has gone missing off of Russia’s Pacific coast. The Russian-flagged vessel,

With collapsed buildings, fires, flooded subways, a beached ship, and scorched transformers throughout New York City, some residents are thinking there is no

United States Coast Guard helicopter crews rescued 14 sailors from two life rafts after the 3-masted ship Bounty foundered in the storm-tossed Atlantic Ocean

(Bloomberg) — Sandy, the Atlantic Ocean superstorm, slammed into New Jersey yesterday, plunging millions into darkness, blacking out much of Manhattan

SHANGHAI–China Cosco Holdings Co. (1919.HK), the country’s largest shipping company by fleet size, said Tuesday its third-quarter net loss narrowed

The United States Coast Guard continues its search today for Captain Robin Walbridge, the missing captain of the HMS Bounty, a 180-foot sailboat which sank

(Bloomberg) — HSH Nordbank AG’s main owners, the German federal states of Hamburg and Schleswig-Holstein, are willing to replenish the

(Bloomberg) — Oil fell for a second day in New York and headed for the biggest monthly decline since May after refiners reduced operations on the U.S.