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.
Dozens of rescuers were scrambling in Vietnam on Sunday to trace four missing people after retrieving the bodies of dozens killed when a thunderstorm capsized a boat in the top tourist destination of Halong Bay, authorities said.Despite a calm sea, rescuers, from police and border guards to divers and navy personnel
Australia conditionally approved on Wednesday a request by Woodside Energy to extend until 2070 the life of its North West Shelf gas plant, following a six-year review dogged by delays, appeals and backlash from green groups.The facility on the Burrup peninsula in Western Australia is the country's oldest and largest liquefied natural gas plant and a key supplier to Asian markets
Benny Cenac Jr.’s Houma based Main Iron Works Company has completed the 10th boat newbuild for Ingram Marine Group. This partnership with Main Iron Works and Ingram began in 2021 and included the construction of 10 new towboats to be completed by the end of 2024. The first towboat, the Adrienne M.
The United States will "take back" the Panama Canal from Chinese influence, U.S. Defense Secretary Pete Hegseth said on Tuesday during a visit to the Central American nation.After talks with Panama's government, Hegseth vowed to deepen security cooperation with Panamanian security forces and said China would not be allowed to "weaponize" the canal by using Chinese firms' commercial relationships
China's defence ministry accused Philippine Coast Guard vessels on Friday of "dangerous manoeuvres" in response to reports of a collision earlier this week between two Chinese vessels near Scarborough Shoal in the disputed South China Sea.The Philippine vessels' actions "seriously endangered the safety of Chinese vessels and personnel," ministry spokesperson Jiang Bin.
The Coast Guard (including its heritage services) have employed boats since the beginning. Boats are just as important, if not more so, than ever.America’s first “boat force” came about in 1878, with the creation of the United States Life Saving Service (USLSS), whose boat crews rescued mariners in distress along the nation’s coast line.
Hanwha Ocean has delivered the overhauled U.S. Navy Vessel Wally Schirra, setting a new milestone in Korea’s shipbuilding industry for the first ever maintenance, repair, and overhaul (MRO) project for the U.S. Navy, completed in just six months.The MRO project, carried out at Hanwha Ocean’s Geoje Shipyard over approximately six months, involved comprehensive maintenance
Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering support for a $44-billion gas pipeline in Alaska as it seeks to court U.S.
A ship carrying Russian crude transferred from three smaller tankers that are under U.S. sanctions unloaded last week at a Chinese port, shiptracking data shows, ending an unusual month-long voyage highlighting the efforts of producers and traders to keep Moscow's oil flowing despite tightened curbs.
Taiwan's navy simulated on Thursday an effort to see off enemy ships as it wrapped up three days of New Year drills, sending two of its newest and most advanced warships to lead a flotilla into the Taiwan Strait.China, which views democratically governed Taiwan as its own territory
The Office of Merchant Mariner Credentialing is hosting an intersessional meeting of the National Merchant Marine Personnel Advisory Committee (NMERPAC) subcommittee on task 24-3 Operator of Remote-Controlled Survey Vessels of 65' or less.The subcommittee will meet virtually through Microsoft Teams on January 27, 2024, from 9:00 a.m. to 4:00 p.m. (EST).