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 more than half decade that has passed since the inception of the subchapter M towboat rule affords an up-close-and-personal look at how it is going. The scorecard is a mixed bag.More than six years ago, the U.S. Coast Guard (USCG) began inspecting towing vessels for compliance with the new towboat rules; specifically, 46 CFR Subchapter M.
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.
DOF announce several project awards in the North America region, using vessels already in the region, securing more than 300 days of firm vessel utilization for a combined contract value of more than $60m, with options available.Skandi Skansen will be used for a mooring project in Guyana with expected commencement in October 2025 and an expected duration of approximately six weeks with further
A landmark moment in Gulf Coast industry was celebrated today with the christening of Creole King, a state-of-the-art barge-mounted stevedoring crane, at the Port of Iberia.Operated by Cooper Consolidated and assembled by E-Crane’s Gulf Coast Service team, the Creole King represents a technological and environmental leap forward for midstream cargo operations.
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration
Timo Vesala, Account Manager, Americas, at ABB Marine & Ports, is responsible for newbuild sales in the Americas market. Since joining ABB in 2018, he has gathered extensive experience in the marine industry with a focus on electrification and propulsion systems. He holds a Master’s Degree in Mechanical Engineering from Aalto University, Finland
A famous racecar driver once deadpanned, “That which is in the rearview mirror is not my concern.” Here in the inland marine industry, we also like to keep our eyes on the forward horizon, but it is also instructive to look back every now then, especially with measurable metrics at our fingertips. Fortunately, the American Waterways Operators (AWO) and the U.S.
New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.The report from the Commerce Department on Tuesday also showed shipments of these goods falling last month.
Researchers from MIT and Georgia Tech have concluded that burning heavy fuel oil with scrubbers in the open ocean can match or surpass using low-sulfur fuels when a wide variety of environmental factors is considered.The scientists combined data on the production and operation of scrubbers and fuels with emissions measurements taken onboard a bulk carrier owned by Oldendorff Carriers.
William Hackett, a global supplier of safety-critical lifting, rigging and chain solutions, is expanding its customer offering with new digital solutions.The UK-based manufacturer is adding RFID chips to its popular Hack8 and Hack10 chain sling assembly tags. These digital records provide a more durable and reliable method of accessing documentation, helping to improve industry safety.