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.
Tourism and technology company Brim Explorer has signed contracts for the construction of two efficient, battery-powered passenger vessels. The high-speed trimarans are scheduled for delivery in spring 2027.The two new trimarans have been developed by Brim Tech, Brim Explorer's in-house technology division, following the principle of "electric by design.
Norwegian marine seismic survey services firm SeaBird Exploration, part of SED Energy Holdings, has secured a contract extension for its Fulmar Explorer seismic survey vessel.SeaBird Exploration has signed a three-month contract extension for ocean bottom node (OBN) source work for the vessel in the Western Hemisphere.
Sallaum Lines accepted its latest Pure Car and Truck Carrier (PCTC) vessel, MV Ocean Explorer as part of its Ocean Class fleet. The newbuilding’s arrival represents a major milestone in the company’s ongoing fleet expansion strategy and its commitment to advancing sustainable and energy-efficient maritime operations.
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
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July.
Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $10.6 million or $0.
SunStone Maritime Group A/S, touted as the world’s largest tonnage provider to the expedition cruise industry, announced the delivery of the seventh and final vessel in this first series of newbuilds, the Douglas Mawson. The delivery took place at China Merchants Heavy Industry in Haimen, China, on September 9, 2025.
SAAM, the largest towage operator in the Americas, has introduced Trapananda, the first fully electric tugboat in Latin America, developed in partnership with Chile’s national oil company Enap. Designed by Robert Allan Ltd. (RAL), built by Sanmar Shipyards, and powered by a Corvus Energy lithium-ion battery system, the tug will operate at Puerto Chacabuco in southern Chile.
First High-Tech Exploration of Argentina’s Mar del Plata Canyon, Schmidt Ocean Institute’s Remotely Operated Vehicle SuBastian shines light on an offshore canyon in Argentine waters nearly twice as deep as the Grand Canyon — capturing images and video of 40 suspected new species, coral fields, and a seastar that resembled a famous cartoon character.
A study led by the UK’s National Oceanography Centre (NOC) has found that natural hazards account for around a quarter of all recorded instances of subsea cable damage between 1965 and 2019, posing a threat to the growing infrastructure underpinning global connectivity.While human activities like fishing and anchoring remain the primary causes of damage
Norwegian shipbuilder Vard has marked the start of construction of Island Offshore’s hybrid power ocean energy construction vessel (OECV) at its shipyard in Romania.Vard secured the order for the vessel, named Island Evolution, from Island Offshore back in May 2024, which also included an option for two additional vessels.