As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
Singapore, Indonesia and Malaysia conducted a ground deployment exercise (GDX) under the Revolving Fund Committee to strengthen coordination in responding to oil spills in the Straits of Malacca and Singapore. Conducted ahead of Singapore’s 17th Joint Oil Spill Exercise (JOSE) 2026, the GDX simulated an oil spill originating from a vessel collision in Singapore waters
New analysis from Sofar Ocean finds that widely used marine forecasts can miss wave conditions associated with dangerous vessel rolling and cargo losses.Most forecasts tell ships how high waves will be, but height alone doesn't identify the impact on a ship. Wave period and direction, together with the vessel's heading, speed, and loading
Fratelli Cosulich Group emerged from a turbulent 2025 with profitability largely intact, while continuing to put capital into ships designed for a changing marine fuels market. At the center of that strategy is Maya Cosulich, the first of a new generation of bunker tankers that the Italian group sees as both an investment in fleet renewal and a practical response to shipping’s energy transition.
Three stranded supertankers passed through the Strait of Hormuz on Tuesday, while seven empty Qatar-linked liquefied natural gas tankers have entered in recent weeks in an early sign Gulf gas shipping may be resuming, ship-tracking data showed.Iranian-linked tankers also continued to transit the vital waterway, according to the data, with traffic picking up on Monday as U.S.-Iran talks progressed.
TDI-Brooks’ multi-use oceanographic research vessel Miss Emma McCall has completed its full-term ABS shipyard period and is heading to the Caribbean region following a reflagging process.The company said it is reflagging the vessel from the United States to Vanuatu to support cost-effective operations in the Caribbean and northern South America region.
On October 7, Damen Shipyards Group delivered its latest Combi Freighter (CF) 3850 to family owned German shipping company Reederei Gerdes. The delivery of the vessel, named Holger G, took place during a ceremony at the Bason Shipyard in Vietnam. The vessel is named Holger G. Damen’s CF 3850 represents the latest generation in the shipbuilder’s cargo vessel portfolio.
Maryland Attorney General Anthony G. Brown has announced that the State of Maryland has reached a final settlement of $2.25 billion with Grace Ocean Private Limited and Synergy Marine Pte Ltd., the owner and operator of the M/V Dali, resolving the State’s claims against those parties arising from the cargo ship’s March 26, 2024 allision with the Francis Scott Key Bridge.