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gCaptain – Maritime and Offshore News


Saturday, February 25, 2012
songa eclipse
News

Songa Wins $2.66 Billion Offshore Drilling Contract with Statoil

OSLO -(Dow Jones)- Norwegian offshore drilling operator Songa Offshore SE (SONG.OS) Friday said it has been awarded a rig contract from Statoil ASA (STO) worth

Saturday, February 25, 2012
Total Views: 15

Friday, February 24, 2012
Maersk Kwangyang
News

Maersk Line Increases Asia-Europe Frieght Rates By $400 Per Container

COPENHAGEN (Dow Jones)–Danish oil and shipping company A.P. Moller-Maersk A/S (MAERSK-B.KO) confirmed Friday that its container shipping arm Maersk Line

February 24, 2012
Total Views: 7

elbe pilots
Incidents

Tragedy on the River Elbe – Ship Pilot Dies After Fall

Tragic news from Nick Cutmore, Secretary General of the International Maritime Pilots’ Association… We have the sad duty to inform you of the

February 24, 2012
Total Views: 113

tugboat side view drawing engineroom
Blog

Exhaust Emission Regulations and their Impact on Tugboat Design

– By Allan B. Turner, P.Eng., Mechanical Engineer With the pending introduction of EPA Tier 4 and IMO Tier III engine exhaust emission regulations

February 24, 2012
Total Views: 188

atlantic winter heavy lift
News

Reederei Heino Winter Transports Damen Tugs to Morocco

Recently, two Damen Stan Tugs 2608, the Ibrahim 1 and the Jacques, were shipped from the anchorage of Halong Bay, Haiphong (Vietnam) to Casablanca by the

February 24, 2012
Total Views: 29

Admiral Papp Delivers 2012 State of the Coast Guard Address
USCG

Admiral Papp Delivers 2012 State of the Coast Guard Address

By CDR Glynn Smith, Coast Guard Compass Thursday, Adm. Bob Papp, 24th Commandant of the Coast Guard, delivered his second State of the Coast Guard address at

February 24, 2012
Total Views: 14

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Friday, February 24, 2012
propeller design cfd
Blog

Propeller Cavitation Analysis with Computational Fluid Dynamics

by Bart Stockdill, M.A.Sc., P.Eng., Mechanical Engineer Water will boil at room temperature if the pressure is low enough. In fact, the pressure has to be

February 24, 2012
Total Views: 629

abdullah india saudi
News

India Nudges Saudi Arabia…Yo Send Us More Oil Please

NEW DELHI -(Dow Jones)- India has asked Saudi Arabia, its largest crude oil supplier, to augment daily shipments by up to 100,000 barrels each year over the

February 24, 2012
Total Views: 5

Maersk Discusses Sustainability and the Environment with The Economist
Multimedia

Maersk Discusses Sustainability and the Environment with The Economist

CEO Maersk Line, North Asia has a chat with The Economist about sustainability and the environment at the World Ocean’s Summit in

February 24, 2012
Total Views: 7

Thursday, February 23, 2012
indian ocean hijacking position
Incidents

Weekly Piracy Update – Tankers Engage in Brief Gunfights with Pirates, Self Defense Measures Prove Effective

Worldwide Maritime Crime and Piracy Update – week of 16 February 2012 (source: ONI) ARABIAN SEA: Vehicle carrier M/V LEILA reportedly hijacked on 15

February 23, 2012
Total Views: 24

SEACOR Marine Aquires Liftboats from Superior Energy
Offshore

SEACOR Marine Aquires Liftboats from Superior Energy

SEACOR Marine announced today intentions to purchase 18 liftboats from Superior Energy Services.  The company said in a press statement that it will be

February 23, 2012
Total Views: 361

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Thursday, February 23, 2012
general maritime genmar
Finance

General Maritime and Oaktree Get Blasted by Their Creditors in Bankruptcy Court

Creditors of General Maritime Corp. (GMRRQ) are accusing the oil tanker operator and “old friend” Oaktree Capital Management LLC of contriving to

February 23, 2012
Total Views: 138

MV Carat crowley Second Mate Joseph Hood
Blog

MV Carat Powers Through Baltic Sea Ice – Photo of the Day

Image taken by Second Mate Joseph Hood on board the MV Carat.   MV Carat is a Crowley-managed containership owned by Reederei Gebr. Winter. Image via

February 23, 2012
Total Views: 5

Matterhorn Spirit Teekay
Finance

Teekay’s 4th Quarter Profit Heavily Impacted by Derivatives, Falls 44%

(Dow Jones) Teekay Corp.’s (TK) fourth-quarter earnings fell 44% on the impact of derivatives and other items, though the company reported revenue

February 23, 2012
Total Views: 4

siem offshore
News

Strong Demand for Offshore Supply Vessels, Norwegian Operator Doubles Profit in 4th Quarter

(Dow Jones) Norwegian supply vessel operator Siem Offshore Inc. (SIOFF.OS) said Thursday that a relatively strong market for supply vessels in the North Sea as

February 23, 2012
Total Views: 222

marine rig sembcorp shipbuilding
Engineering News

Sembcorp Shipbuilding: “Fundamentals for the Offshore O&G Industry Remain Intact”

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd.’s (S51.SG) fourth-quarter net profit fell 4.3% mainly because of lower operating profit from rig

February 23, 2012
Total Views: 2

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Thursday, February 23, 2012
Hanjin London 5300-TEU-Class
Finance

Hanjin Shipping To Maintain Oil Hedging Ratio At 30% Due to Fuel Price Volatility

SEOUL (Dow Jones)–Hanjin Shipping Co. (117930.SE) will maintain a oil hedging ratio of 30% of bunker fuel purchases this year in order to be less

February 23, 2012
Total Views: 4

mol maneuver
Collision

Failed to “Maneuver” – Containerships Collide on the High Seas Off Hong Kong

TOKYO – Mitsui O.S.K. Lines, Ltd. today announced that the 78,000 DWT MOL-operated containership MOL Maneuver collided with the containership Zhen

February 23, 2012
Total Views: 89

Wednesday, February 22, 2012
genco ardennes
Finance

Genco Offers $50M in Stock, Shares Fall 10% After Hours

(Dow Jones) Genco Shipping & Trading Ltd. (GNK) unveiled plans to offer $50 million worth of common stock to pay for general corporate purposes. Shares of

February 22, 2012
Total Views: 2

Why it’s Important Hollywood and the Media Get it Right [OP/ED]
Blog

Why it’s Important Hollywood and the Media Get it Right [OP/ED]

By Kevin Sorbello, Chief Engineer Hollywood and the media rely on sensationalism in a very competitive and time sensitive market.  Pictures and video try to

February 22, 2012
Total Views: 33

More Bodies Found on Costa Concordia

More Bodies Found on Costa Concordia

UPDATE: The number of bodies found has now risen to 8 according to various reports.  The death toll is now at 25.  Four of the bodies have been recovered

February 22, 2012
Total Views: 9

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