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.
The U.S. Coast Guard successfully completed a major interoperability exercise conducted by the crews of Legend-class national security cutter USCGC Stone (WMSL 758) and Norwegian Coast Guard Vessel Hopen, marking a significant milestone in international Arctic cooperation and operational readiness.
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand.
Finland’s Border Guard is setting up a maritime surveillance centre together with other Baltic Sea states and the European Commission for the protection of critical undersea infrastructure in the Gulf of Finland, it said on Monday."Competent authorities must have the capability and the authority to intervene in situations occurring in the territorial sea and the exclusive economic zone
Title: Famous Irish MarinersAuthor: Emma ByrnePublication date: September 22, 2025ISBN 9781788494922 PRICE €17.99/£15.99 HBFORMAT 196x129 mm EXTENT 176ppAlso available as an eBook.Ireland has a rich history of famous – and infamous – mariners: from our earliest navigators, who may have reached North America – by currach – a thousand years before Columbus
The International Propeller Club announced its newly elected officers for 2025–2027. Members elected Costis J. Frangoulis, President of the Propeller Club of Piraeus, Greece, as International President at the Club’s 98th Annual International Convention in Lyon, France—a milestone that also marks the first non-American to hold the presidency in the organization’s 98-year history.
U.S.-based offshore and marine services company Otto Candies has acquired four multi-purpose support vessels (MPSVs) from Harvey Gulf International Marine.The vessels acquired by Otto Candies are the Harvey Blue-Sea, Harvey Sub-Sea, Harvey Deep-Sea, and Harvey Intervention. The value of the transaction was not disclosed.
Major geopolitical events have led to massive changes in the patterns of global oil transport at sea. This underlines the importance of effective Danish marine environmental preparedness when almost five million barrels of oil pass through Danish waters every day, according to Danish Shipping Companies.
Danish Shipping has presented its strategy for the coming five years titled “Charting the Course.”Overall, the strategy aims to strengthen Denmark and the Danish flag as the home base for Danish shipping companies, ensure that Danish seafarers’ skills are world-class, drive the sustainable transition of shipping with undiminished ambition
Shipping is the lifeblood of global trade, but in a world of rising geopolitical tensions, climate risks, and economic fragmentation, resilience has never been more critical, says Global Maritime Forum.“From hybrid wars to environmental catastrophes, the industry faces unprecedented uncertainty.