gCaptain – Maritime and Offshore News

Weekly Summary of Maritime Crime and Piracy:  Week of 27 October 2011 (source: ONI) NIGERIA: Petroleum tanker (HALIFAX) hijacked by pirates on 29 October at

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday that its third-quarter net profit fell 25% from a year earlier due to weaker margins

By Ralph Gardner Jr. I needed help understanding my serious tugboat fixation. So I turned to someone who I thought might be able to offer some insight, who

Transocean Ltd. (RIG) swung to a third-quarter loss on acquisition-related charges as a revenue shortfall hurt the offshore-oil driller’s margins.

Reaching from Chile up to the Bering Sea, then down again to New Zealand, the fault lines circling the Pacific Ocean are named The Pacific Ring of Fire and

Should Shipping Companies Lower Surcharges to Reflect Lower Threat? By Robert Young Pelton, Publisher, SomaliaReport.com This week’s hijacking of the

Who sends a ship to the waters off east Africa with a one-man, unarmed security force? Apparently the Greek owners of the Chemical Tanker Liquid Velvet

By Andrew Mwangura, Somalia Report UPDATE: Based on Somalia Report‘s information the vessel should be anchored off Bandar Murcaayo or Rasu Bina near

The world’s vast undersea energy infrastructure—oil and gas platforms, wellheads, pipelines and pumps—is now vulnerable to attack by cheap

WASHINGTON (Dow Jones)–The chief executives of BP Plc (BP, BP.LN), Transocean Ltd. (RIG) and Halliburton Co. (HAL) declined to testify this week before a

Transocean Ltd. (RIG, RIGN,VX) filed a motion in federal court on Tuesday morning to force BP PLC (BP, BP.LN) to indemnify it against damages related to the

WASHINGTON (Dow Jones)–U.S. officials have extended oil-drilling leases for the vast majority of companies that say their work in the Gulf of

I was walking along the seawall at the US Naval Academy last night when I saw the slightly lit shape of a huge sailboat moving silently and easily amongst

Some of you may remember a cartoon which appeared during World War I, a drawing showing an inquisitive stranger talking with the gateman at a railway crossing.

By Jama Deperani, Somalia Report Police from Somalia’s semi-autonomous region of Puntland arrested 150 pirates during a two week anti-piracy operation in

A few bits of good news this week, especially from the Gulf of Mexico region.  Matt Fuhrman, Recruitment Director from Swift Worldwide Resources commented for

LONDON (Dow Jones)–Ships sailing under the British flag will be able to carry armed guards for the first time to protect them from pirates attacks that

HONG KONG (Dow Jones)–China Shipping Container Lines Ltd. (2866.HK) said Friday it entered in deals worth US$754.2 million to buy eight new container

With the year’s largest boatshow underway the docks of Fort Lauderdale are packed with elegant yachts of all sizes. But docked among the sleek lines of

Mitsubishi Heavy Industries said today it has agreed to build two new-generation liquefied natural gas (LNG) carriers to be jointly owned by Osaka Gas Co.,

Lloyd’s List interviews IMO Secretary General Mr. Efthimios E. Mitropoulos, Swedish Navy Commander Frank Johnsson, BIMCO’s Torbin Skaanild, and

By Daniel Gilbert and Guy Chazan HOUSTON — The U.S. moved a step closer to becoming a major exporter of natural gas Wednesday as British energy company

ZURICH -(Dow Jones)- Power and technology group ABB Ltd. (ABBN.VX) is preparing for uncertain economic times ahead, its Chief Executive Joe Hogan said.

Could the world’s most desirable mega-yacht be an oil field workboat in disguise? This week an armada of boats lay siege on Fort Lauderdale for the

By Nathan Hodge Deficits, jobs and defense are shaping up as a single issue on Capitol Hill: In recent days, opponents of military spending cuts have issued