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 hull of the first heavy polar icebreaker for the Coast Guard is taking shape after years of delays on the Gulf Coast. The stern sections of the future USCGC Polar Sentinel (WMSP-21) are now standing almost four stories high in the middle of the Bollinger Mississippi shipyard. As of early August, the stern section of the future Polar Security Cutter was positioned to be welded in place.
Miros and Marine Technologies (MT) have signed a memorandum of understanding (MoU) to collaborate on integrating advanced marine sensing technologies with MT’s vessel control and smart-ship systems, the companies said on Wednesday.The agreement, which involves no financial commitments, outlines the companies’ intent to combine Miros’ real-time ocean sensing, wave and current monitoring
U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments.
HD Hyundai Robotics USA has secured an order for its robotic welding solution, ArcLift GO, from Chouest Group Shipyards. Under this contract, robotic welding systems will be supplied to three Chouest Group shipyards in North America, including Louisiana, and one shipyard in Brazil.Recently, the shortage of skilled welders in the U.S.
The Chouest Group announced it has completed the acquisition of the Alliance business from Helix Energy Solutions Group. Alliance will be integrated into Champagne Energy Solutions (CES), expanding the Group’s offshore decommissioning and plug & abandonment (P&A) platform.The transaction builds on the recent formation of CES and advances the Chouest Group’s strategy to deliver fully integrated
China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa is one of the two ports at the center of a year-long saga involving Washington, Beijing and the Panamanian government.
All American Marine (AAM) is currently constructing a sister ship to the Chugach Express for Phillips Cruises & Tours.Building on the proven performance of the Chugach Express, the new high-speed, long-range eco-tour vessel will operate daily in Prince William Sound and be homeported in Whittier, Alaska. Developed by Nic de Waal of Teknicraft Design, this 84.5’ x 30.
The Trump administration is promoting artificial intelligence exports and maritime surveillance technology at Asia-Pacific Economic Cooperation (APEC) meetings in southern China this week, as Washington seeks to counter Beijing’s technological and maritime influence.Casey Mace, the U.S.
China's military said it had followed and monitored the transit of guided-missile destroyer USS Finn and oceanographic survey ship USNS Mary Sears through the Taiwan Strait on January 16 and 17, it said on an official WeChat account Saturday.A spokesman for the Eastern Theatre Command of the People's Liberation Army said in the statement that it remains "on high alert at all times" to
HD Hyundai is partnering with Germany's Siemens to accelerate the digital transformation and modernization of the U.S. shipbuilding industry.HD Hyundai and Siemens recently signed a Memorandum of Understanding (MoU) that aims to enhance the overall competitiveness of the US shipbuilding industry by improving design quality, minimizing production risks, enhancing quality, and reducing costs.