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.
▶ Medium-sized containerships to be built by 2028, supported by design, procurement, equipment, and strategic technology investmentHD Hyundai launched a strategic shipbuilding collaboration in the United States, signing with U.S.-based Edison Chouest Offshore (ECO) to establish a strategic and comprehensive partnership for the construction of U.S. commercial vessels.
Britain's Prince William on Sunday called on world leaders and businesses to take urgent action to protect the planet's oceans, saying it was a challenge "like none we have faced before."Speaking ahead of the U.N. Ocean Conference, which begins in France on Monday, William said rising sea temperatures
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 Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran on Saturday in Oman.
UC San Diego’s Scripps Institution of Oceanography issued a request for proposals (RFP) to select a shipyard for the final design and construction of its new 163-ft. Coastal Class Research Vessel (CCRV), reportedly the first oceanographic research ship to primarily operate on renewable fuels.
After sustaining extensive damage in a December 2024 fire, the tug Lucinda Smith has returned to the water with a fresh start powered by Mitsubishi S12R-Y3MPTAW-3 Tier 3 engines rated at 1260HP @1600RPM each. The repower was completed by Windward Power with support from Laborde Products, giving the rebuilt vessel renewed strength and reliability for her work on the East Coast.
Christopher Ralph Lavers and Edmund G. R. Kraal have released a new edition of their volume 7 book, Advanced Electrotechnology for Marine Engineers - Reed's Marine Engineering and Technology Series. Copies can be purchased here.
MELTRIC announced the official launch of P66 – 660 amps at 1,100 volts alternating current and 1,500 volts direct current, with an 8-aux bundle.MELTRIC announced the launch of P66 – a safe, high-powered, and highly durable electrical connection engineered for mobile electrification in harsh and demanding industrial environments.
MELTRIC, an American manufacturer of switch-rated and standard-duty plugs and receptacles, announced the official launch of P66–a safe, high-powered, and highly durable electrical connection engineered for mobile electrification in harsh and demanding industrial environments.Rated to deliver up to 660 amps at 1,100 volts alternating current and 1,500 volts direct current
It’s no surprise that waterjets are great for shallow-draft, highly maneuverable craft, but vessel designers are busting out of the old stereotypes.Vessel designer Aircat Vessels has developed a surface effect ship (SES) crew transport catamaran, AIRCAT 35 Crewliner, that can sail at over 50 knots and manage offshore transfers in 2.5-meter seas.
HamiltonJet’s latest innovation – the LTX waterjet – has moved from initial design to commercial reality, with the first LTX36 jets commissioned on a 20-m passenger ferry in The Netherlands.The vessel Inselexpress 2, built by Next Generation Shipyard, is powered by twin LTX36 jets driven by Volvo D8 engines (313 bkW) via ZF gearboxes.