gCaptain – Maritime and Offshore News

Following a restructuring agreement signed today between the debt-crushed shipowner Torm, their banks, and their time-charter partners, Torm’s stock has

(Bloomberg) — Cargill Inc., which says it hires more commodity carriers than any company worldwide, and two other industrial shippers, will stop using

(Bloomberg) — Hong Kong arrested seven people and started a criminal investigation after at least 38 people were killed in the city’s worst

I covered the sinking of the COSTA CONCORDIA back in January and posted some of my initial comments in ‘COSTA CONCORDIA – Fred Fry’s Comments

The New Zealand government and Daina Shipping Co, owner of the stricken MV Rena, have reached a settlement over the Oct. 5, 2011 grounding of the container

The number of fatalities has risen to 38, approximately 100 injured Update 3: Hong Kong authorities have arrested 7 people, including both Captains. Death toll

Following shipyard upgrades to the Sevan Marine FPSO “Voyageur Spirit” at the Nymo upgrade yard at Eydehavn, Norway, the vessel  has since

By Brent Kendall Maritime law is as old as the republic, yet we continue to argue about what counts as a boat. The Supreme Court was home to that

Based on an astonishing true incident that took place on the frigid seas off Iceland in 1984, The Deep fashions a modern-day everyman myth about the sole

After posting a loss of about ¥ 7.4 billion (USD $95 million) on the write-down of investment securities as a result of a decline in stock market prices, the

(Bloomberg) — Earnings for the biggest crude tankers will be 25 percent lower next year than previously estimated as increased U.S. shale-oil production

A violent storm ripped through Spain over the weekend bringing with it flash floods, high winds, tornadoes, and two side-by-side ship groundings along the

Bermuda-based Höegh LNG announced today a new joint venture with STX Pan Ocean that gives each party a 50% stake in the  153,600 cubic meter, tri fuel,

ABB announced today the winning of a $35 million order from the Baltic Shipyard Ltd to supply Azipod propulsion and associated distribution systems for a new

With Petrobras, and thus Brazil, standing to lose $3 billion or more in lost revenues due to missed oil and gas production targets,  the head of

(Bloomberg) — Petroleo Brasileiro SA, the world’s biggest oil producer in deep waters, asked Brazilian courts and regulators to override a ruling

With a full cargo of coal destined for Karachi, Pakistan, the Marshall Islands-flagged bulk carrier Sea Moon was about 140 miles southwest of Bermuda when an

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50

China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate

China’s Rongsheng Heavy Industries announced today the delivery of a pair of 380,000 DWT Very Large Ore Carriers (VLOCs); one to Brazilian ore giant