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 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
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
Researchers at Plymouth Marine Laboratory (PML), alongside colleagues at the University of Aberdeen, found that the majority of UK fishermen feel their livelihoods are being threatened by the rapid expansion of offshore wind farms (OWFs), with impacts felt across all vessel sizes and fleet sectors.
After two weeks of negotiations in Hobart, the 44th annual meeting of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) has closed with little progress toward long-delayed goals to protect the Southern Ocean.Yet a growing group of members are standing strong for the protection of Antarctica
Philippine President Ferdinand Marcos Jr has ordered to extend the country's ban on rice imports beyond 60 days, his office said on Friday, but it did not specify how long the extension would last.Marcos had earlier ordered a 60-day suspension of rice imports starting from September 1 in an effort to protect farmers during the local harvest and keep rice prices in check.
A joint letter has been sent to EU Animal Welfare Commissioner Olivér Várhelyi urging the Commission to halt the transport of unweaned calves from Ireland to France by roro ferry.It follows a similar letter sent in February.In 2022 the European Commission conducted an audit into the export of unweaned calves from Ireland to France and concluded that these journeys breach Regulation EC1/2005 on
The International Lake Ontario-St. Lawrence River Board has announced that as of July 31, the Canadian Drought Monitor shows the Lake Ontario and upper St. Lawrence River regions are experiencing a moderate drought and the lower St. Lawrence River is experiencing abnormally dry conditions.For the period of August 6 through 12, the U.S.
Port & Terminal Technology USA has established itself as a must-attend key industry event. Its huge success over the last thirteen years is attributed to overwhelming positive feedback from attendees and the event’s growing list of returning exhibitors. As such, MCI Media Limited is delighted to announce that the 14th Conference & Exhibition will take place in Miami