gCaptain – Maritime and Offshore News

STOCKHOLM–Offshore workers in Norway, western Europe’s largest oil producer and exporter, Tuesday decided not to step up a strike that has already

In their Q1 report, Maersk Line reported a 9 percent decline in freight rates along with a 31 percent increase in bunker rates.  This added up to a billion

West Coast jones act carrier Matson on Monday began trading on the NYSE as its own independent company and brand after changing it’s name officially from

Maersk Line Limited, and 10 other US-based shipping companies were awarded nearly $5.9 billion in contracts today by the US Department of Transportation for

ATHENS, GREECE – International dry bulk shipping company, Diana Shipping Inc. (NYSE: DSX), announced today that it has entered into a time charter

LONDON–Iran has drafted a bill to block the Strait of Hormuz for oil tankers from states that support oil sanctions, an Iranian lawmaker said Monday. In

BW Offshore and Fred Olsen Production have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo

Originally ordered in November 2010, the STX OSV Langstan-built Far Scotsman (STX PSV08 CD) was delivered today to Farstad Shipping Limited and is slated to

Container shipping giant CMA CGM announced plans Monday to sell it’s luxury cruise line La Compagnie du Ponant to a European private equity firm.

Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the

SINGAPORE (Dow Jones) –Container shipper Neptune Orient Lines Ltd. (N03.SG) said Monday it plans to sell its headquarters building in Singapore to raise

By Tom Weaver, Partner, Weaver-Price Design & Construction Since the 1970s, the Volvo Ocean Race (VOR) has attracted an incredible global following as the

This week’s ship er, shipyard photo comes to us via Damen Shiprepair Brest, or DSB for short, located on the northwest tip of France. Formerly known as

STX OSV Holdings Ltd. (MS7.SG) said Friday it secured contracts worth about NOK500 million ($83.5 million) to build two platform supply vessels for Island

ABB announced Thursday that it has recently won an order worth $80 million from Samsung Heavy Industries to supply energy efficient drives, motors and

Smit Lamnalco said Thursday that it has secured a 10-year marine support and towage contract covering ExxonMobil-led LNG export terminal operations in Papua

Keppel Offshore & Marine’s yards have secured two contracts worth a total of about US$70 million for work in the company’s U.S. and Azerbaijan

As gCaptain report yesterday, Shell’s Kulluk and Noble Discoverer rigs set sail for the Arctic on Wednesday from Vigor Industrial’s Seattle

Nothing defines shipping’s core competence better than “risk”. It’s shipping’s gift to the rest of the business world. By Ryan

Dr. Martin Stopford of Clarkson Research Services, economist and author of the renowned textbook Maritime Economics, compares shipping to a game of 3D poker.

DNV released this video the other day showing the technical details of how exactly an LNG-powered ship such as Eidesvik’s Viking Energy is refueled.

NEW YORK–Even energy titan Exxon Mobil Corp. (XOM) is showing signs of strain from low natural gas prices. On Wednesday Exxon Chief Executive Rex

**UPDATE** The latest word is that after exhaustive searching and x-rays of the containers on board, no stowaways were found by port authorities today in

Following a successful “Day of The Seafarer” celebration held worldwide, the United Kingdom is continuing it’s honoring of seafarers with an

In the span of less than a week, a second vessel overloaded with refugees has capsized and sunk in the waters northwest of Australia, 107 miles north of