Three Greek-managed oil tankers were hit by unidentified drones in the Black Sea on Tuesday as they were on their way to load crude at a terminal on Russia's coast, sources told Reuters.The attacks come as Kazakhstan's oil production, most of which is exported via the terminal, cratered in early January.It was not immediately clear who was behind Tuesday's strikes.
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 LPG-laden tanker MV Falcon was on fire and adrift on Saturday off the coast of Yemen, after it reported an explosion that forced members of its crew to abandon the vessel, the European Union's naval force Aspides said in a statement.The cause of the explosion was unclear but most likely an accident, according to initial indications, Aspides said.
The International Maritime Organization will meet this week to formally decide whether to impose a carbon emissions price on global shipping, a move supported by an EU-led bloc including Britain, China and Japan but strongly opposed by the U.S.The IMO struck a preliminary deal to charge the global shipping industry for emissions in April after the U.S.
Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm
Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers.The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity C before the rest abandoned the cargo ship.
HII’s Ingalls Shipbuilding division has been selected by the U.S. Navy to design and build the future small surface combatant (SSC) ship, leveraging the proven design of the Ingalls-built Legend-class national security cutter (NSC). "We look forward to supporting the Navy on this critical program,” said Chris Kastner, HII president and CEO.
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.
On Monday, September 8, 2025, Meyer Turku Shipyard celebrated the keel laying of the fourth cruise ship in the Icon Class. The ship, built for Royal Caribbean and known by its working name Icon 4, has thus progressed to the hull assembly phase. The traditional ceremony held at the bottom of the building dock included a symbolic ceremony in which representatives of the customer
Royal Caribbean's Legend of the Seas, which is being built at the Meyer Turku shipyard, floated out during a ceremony on Friday, August 29, 2025. The traditional float out ceremony included speeches by representatives of the shipyard and the vacation company, a salute fired by a gun salute group, and a playful competition to open the water valves of the construction basin.
Meyer Turku has today handed over the Star of the Seas to Royal Caribbean. Star of the Seas is the second Icon class ship built at the Meyer Turku shipyard. Star of the Seas will leave the shipyard in mid-July and will later in the summer start sailing on the Caribbean from its home port in Port Canaveral.
American Cruise Lines said that American Legend, the newest small ship in the company’s innovative Project Blue series, was christened in Key West, Florida. The celebration took place while the ship was docked at Mallory Square, just steps from the City’s vibrant town center. American Legend was visiting Key West along one of the company’s popular 8-Day Florida Gulf Coast & Keys cruises