gCaptain – Maritime and Offshore News

HONG KONG (Dow Jones)–Orient Overseas (International) Ltd. (0316.HK) said Monday it expects trading conditions in 2012 to remain tough as high fuel costs

RIO DE JANEIRO (Dow Jones)–Brazilian oil field services company OSX Brasil S/A (OSXB3.BR), part of Brazilian businessman Eike Batista’s industrial

ABB released this video today that gives a new look at their Azipod ship propulsion systems that they are successfully integrating on board a number of

(Dow Jones) Ship Finance International Ltd. (SFL) said its chief financial officer plans to step down in the second quarter to join another shipping company.

Prosafe has received a Notice of Award for a minimum nine-month contract by Shell Philippines Exploration B.V. (‘SPEX’) using the Safe Astoria for

A general cargo ship was severely damaged early Saturday after being involved in a major collision with a reefer ship in the Caribbean Sea. The collision

Hyundai Mipo has reportedly won a $198 million newbuild order from an undisclosed European client for 4 platform supply vessels.  The report from the Thai

RIO DE JANEIRO -(Dow Jones)- Shareholders of Brazilian drilling-rig holding company Sete Brasil approved a capital increase as the company prepares to line up

GLASGOW –  DEFENDER, the fifth Type 45 destroyer built by BAE Systems, has today set sail from the company’s Scotstoun shipyard to embark on her

Shipboard fires present crews with unique challenges that are often limited to the capabilities of the human body.  With that in mind, scientists at the

UPDATE: The captain of M/V Union Moon, plead guilty to excess alcohol by the master of a ship Friday morning.  The captain, Miroslaw Pozniak, 55, from

  We are downgrading Danaos to Neutral from Outperform, and Seaspan to Underperform from Neutral. – Credit Suisse Despite both Danaos’

Tokyo-based shipping firm Sanko Steamship Co. is making final arrangements to seek the rescheduling of loan repayments through a private-sector intermediary to

NEW YORK (Dow Jones) — Carnival Corp. (CCL) reported a better fiscal first quarter than expected despite the shipwreck of its Costa Concordia, and

HOUSTON (Dow Jones) — Royal Dutch Shell (RDSA) remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska

TORM has entered into an agreement to sell the MR product tanker TORM Lana. The parties have agreed not to disclose the sales price. TORM Lana will be

The Korea Times and Yonhap news reports today that South Korea’s Hyundai Heavy Industries (HHI) has cumulatively built over 100 million tons of ships

A California man was sentenced in Florida this week to two months in prison and house arrest after he drunkenly deployed the anchor of a Holland America cruise

This is one of the many issues facing the engineers at Shell who are creating the world’s largest man-made floating object, the Prelude FLNG.  This

Exxon Mobil Corp. (XOM) plans to spend roughly $185 billion over the next five years to develop new energy supplies in anticipation of growing demand. In a

MUMBAI (Dow Jones)–The Shipping Corp. of India Ltd. (523598.BY) plans to raise up to $500 million in dollar loans from banks overseas in the financial

LONDON (Dow Jones)–More North Sea Forties crude is set to move to Asia this month, pushing up prices as part of an arbitrage that until December was

WASHINGTON – U.S. Senator Herb Kohl (D-WI) questioned Secretary of the Navy Ray Mabus about the future of the Littoral Combat Ship (LCS) program during a

Have you ever wondered where the cables go that connect your computer to web sites overseas? Well if you live in the USA and are visiting a website in