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 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.
Captain Steve Jones is President of the Passenger Vessel Association for 2025. As his term comes to a close in February at the PVA Annual Convention at MariTrends 2026 in Covington, KY, Captain Jones has achieved several long-sought-after successes during his term and set in motion other important association undertakings intended to deliver noteworthy benefits to PVA members in the coming year
Norwegian offshore vessel owner Solstad Maritime has sold its Normand Clipper construction support vessel (CSV) to Global Maritime Group.Global Maritime Group, the current charterer of the vessel, declared the purchase option for the Normand Clipper, with the deliver of set to take lace at the end of the firm contract period on June 1, 2026.
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.
Interferry, the global association representing the ferry industry, announced the appointment of six new members to its Board of Directors. These new director appointments, approved at the Annual General Meeting (AGM) in Sorrento on October 6, reflect the diversity and global reach of the ferry industry.
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
The currents in Singapore can be so strong that divers cleaning fouling from a ship’s hull can feel like they are swimming in a river. There’s times when it’s just not safe for them to be there.The currents can be a problem for robotic cleaners as well, but for ship operators, the bigger problem is having to wait long after cargo operations have concluded while the hull is cleaned by either
FRS Clipper has welcomed its new whale watching catamaran Emerald Clipper.The new boat will be Seattle’s only whale watching tour operating from downtown Seattle and will offer two sailings per day during the summer season. The 103-foot catamaran features two expansive, wind-protected viewing decks, floor-to-ceiling windows, and cruising speeds of up to 32 knots. It has capacity for 300 guests.
FRS Clipper has launched Emerald Clipper, a new whale watching catamaran in Seattle.The 103-foot catamaran features two expansive, wind-protected viewing decks, floor-to-ceiling windows.Designed by One2Three Naval Architects in Sydney, Australia, and built by Mavrik Marine, Inc. in La Conner, Washington, the vessel combines advanced design with passenger comfort and efficiency.
Solvang has a Letter of Intent (LOI) with Seatrium for the installation and retrofitting of a full-scale carbon capture and storage (CCS) systems.The retrofit on Solvang's new series of very large gas carriers (VLGCs), configured specifically for CCS, is set to begin in late 2026.In April, steel was cut for the first two of seven Panamax VLGC at HD Hyundai Heavy Industries.