gCaptain – Maritime and Offshore News

Seadrill Ltd.’s (SDRL, SDRL.OS) first-quarter earnings slumped 53% over a year-earlier period, boosted by the sale of its Seawell subsidiary, masking

A sudden blast aboard an MSC containership off the coast of Puerto Rico forced crew to spring into action to stem the influx of water and stabilize the vessel,

LONDON (Dow Jones)–Glencore International PLC (GLEN.LN) will ship 2 million barrels of North Sea Forties crude to South Korea, bringing the total volume

SINGAPORE (Dow Jones)–Shipping Corp. of India Ltd. (523598.BY), India’s largest shipping company by fleet size, doesn’t expect any

Rigs of all shapes and sizes under various states of repair and construction can be found in Singapore, home of Keppel FELS, Sembcorp, ASL, and Damen

ADELAIDE, Australia (Dow Jones)–Saudi Arabia would like the price of benchmark Brent crude oil to fall to US$100 a barrel, and expects global crude

HONG KONG (Dow Jones)–China Rongsheng Heavy Industries Group Holdings (1101.HK) has secured orders to construct offshore rigs for an overseas company,

The UK P&I Club has announced that legislation has been passed in Indonesia which purports to place a ban on the expert of minerals from Indonesian ports,

In response to a letter sent by Dockwise on Wednesday, Fairstar’s CEO Philip Adkins sends back a heated response… Dockwise FAO: Mr P Wit and FAO:

Ocean Rig’s ultra deepwater drillship OCEAN RIG OLYMPIA Nicosia, Cyprus – Ocean Rig UDW Inc. (NASDAQ:ORIG) a global deepwater drilling contractor,

The KPI Bridge Oil Composite declined over 3% this week as bunker prices reduced dramatically after several days of declines in the crude markets.  With US

PARIS (Dow Jones)–Total SA (TOT) Friday said it has everything ready to “kill” a leaking gas well in the North Sea. “We could carry

COPENHAGEN (Dow Jones)–The port-operating arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), APM Terminals, will invest over

(Dow Jones) Standard & Poor’s Ratings Services lowered its rating outlook on Navios Maritime Acquisition Corp. (NNA) to negative from stable,

SANTIAGO -(Dow Jones)- Chilean shipper Compania Sudamericana de Vapores SA‘s (VAPORES.SN) first-quarter loss widened to $205 million compared with a

LONDON -(Dow Jones)- The U.K.’s main offshore workers’ union has called for all helicopters operated by Bond Aviation to be grounded pending an

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls

International environmental regulations for the shipping industry are being tightened and demanding a reduction of the emissions of sulphur and nitrous oxide.

LONDON -(Dow Jones)- Commodities titan Glencore International AG(GLE.LN) Wednesday reported mixed first quarter output across commodity products and said its

In the face of extraordinary challenges faced by the global shipping industry, Norwegian maritime conglomerate, Wilh. Wilhelmsen Holding ASA (WWI.OS),

An estimated 155 American maritime industry representatives from throughout the country are gathering today in Washington, D.C. for the third-annual

HOUSTON (Dow Jones)–ConocoPhillips (COP) Chief Executive Ryan Lance said that the company stopped investing in its dry natural-gas production in North

Here’s how the Costa Concordia wreck removal will likely NOT happen, but they definitely show us some interesting insight into ship salvage. We talked

The head of Huntington Ingalls Industries Inc. (HII) said Wednesday that a new round of enforced Pentagon budget cuts could thin the shipbuilder’s

– By Rear Adm. Thomas Rowden, Director of Surface Warfare (US Navy) This debate is both natural and healthy. All parties have a vested interest in