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.
Dating back to the year 1786, Thomas Jefferson wrote to a member of the Continental Congress on the importance of free press keeping government in check. He was quoted as saying if he had a choice between “a government without newspapers or newspapers without a government, I should not hesitate a moment to choose the latter.
The maritime industry has worked with a single fuel source for over a century and with the rush to meet emission standards in both domestic and foreign markets, adapting to the current list of alternative fuels is going to present significant problems. Each market has its issues whether bluewater, brownwater, coastal, foreign or domestic.
The Dutra Group, a California-based heavy civil marine contractor, has issued a notice to proceed to Eastern Shipbuilding Group (ESG) for the construction of a 10,464 cubic yard trailing suction hopper dredge, named Adele.The ship will be constructed at ESG's Allanton and Port St. Joe facilities. Delivery is scheduled for late 2028.
Crowley, the manager of oil tanker Stena Immaculate that was struck on its port side by the container ship Solong, causing a blaze, has reported that all 23 members of the ship’s crew are safe and without reported injuries, as it launches spill containment response efforts.On March 10, 2025, while stationary and anchored off the North Sea coast near Hull in the United Kingdom
Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the
The more than half decade that has passed since the inception of the subchapter M towboat rule affords an up-close-and-personal look at how it is going. The scorecard is a mixed bag.More than six years ago, the U.S. Coast Guard (USCG) began inspecting towing vessels for compliance with the new towboat rules; specifically, 46 CFR Subchapter M.
Offshore seismic services firm Shearwater Geoservices has finalized the preparations for the upcoming start of a new multi-client seismic project offshore Nigeria.The 3D survey is backed by significant industry funding and will be executed in partnership with Harvex Geosolutions and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Nigerian President Bola Tinubu on Wednesday lifted a six-month emergency rule in Rivers State, reinstating Governor Siminalayi Fubara and other officials, after saying that a constitutional crisis that had paralysed governance had been resolved.The emergency rule, imposed on March 18
Delta Launch Services, a launch company operating on the Mississippi River, ordered a pair of new class of pilot boats from Gladding-Hearn Shipbuilding, Duclos Corporation. The Venice Class launches follow a long history of six larger pilot boats built for the Delta Launch Services by the Somerset, Mass., shipyard. Delivery is scheduled for 2027.
Every mariner knows the routine: alarms sound, crew muster, checklists are followed, and then everyone returns to work. But the question remains—are these mandatory safety drills truly improving onboard safety, or have they simply become boxes to check? The reality is, drills often suffer from predictability and repetition, causing crews to disengage and limiting their effectiveness.
BRIX Marine launched a Bridge Cat 49 (4519- DCT), built for Bridgemans Services Group. The personnel transfer vessel, Bridge Cat 49 (BC49), accommodates up to 45 passengers plus three crew and is built to meet Transport Canada passenger vessel requirements for use in British Columbia, Canada.The BC49 is constructed with a 45-foot aluminum hull and an 18.5-ft.