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 catastrophic implosion of the Titan submersible that killed five people in 2023 could have been prevented, a U.S. Coast Guard investigative board found on Tuesday, calling the vessel’s safety culture and operational practices “critically flawed.”The Titan vanished during a descent to the Titanic wreck on a tourist expedition, losing contact with its support ship.
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.
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, a total of 20 new orders for alternative-fueled vessels were placed in January 2026. Activity continues to be dominated by LNG-fueled container vessels, which accounted for 16 of these orders, with one methanol-fueled offshore vessel and three LPG vessels making up the remainder.
LNG-fueled container ships helped sustain the share of alternative fuels in the global shipbuilding orderbook in 2025, even as overall newbuilding activity slowed sharply following a record year, according to data from classification society DNV.Annual figures from DNV’s Alternative Fuels Insight platform show that while total newbuild orders fell to 2,403 vessels in 2025 from 4
For Major General Jason Kelly, Rebuilding and Maintaining the Nation’s Critical Waterway Infrastructure is personal.When Major General Jason Kelly reflects on his path to leading the United States Army Corps of Engineers’ (USACE) Civil Works mission, he doesn’t describe a straight line.
Eastern Shipbuilding Group (ESG) launched the first of the four Saltchuk escort tugs.“We are proud to advance this important project for Saltchuk Marine and look forward to continued progress as we move toward delivering these high-quality escort tugs,” said Joey D’Isernia, CEO of Eastern Shipbuilding Group, Inc.
TOTE Group, a leader in transportation and logistics, announced the appointment of Jason Grear, CPA, as its Chief Financial Officer (CFO), effective today, July 24, 2025. Grear brings over 20 years of accounting and finance experience to the organization.“Beyond Jason’s impressive credentials, what stood out most was his collaborative approach, people-first mindset
The U.S. Army Corps of Engineers announced it is seeking comments on its proposal to renew and revise 56 existing nationwide permits and issue one new nationwide permit authorizing activities associated with improving fish passage. Nationwide permits authorize activities in wetlands and other waters that are regulated by Section 404 of the Clean Water Act and/or Section 10 of the Rivers and
A hijack signal sent from a Panama-flagged petroleum products tanker off Iran was a false alarm, British maritime security firm Ambrey said on Wednesday.Ambrey first reported the incident south of the busy Strait of Hormuz shipping lane on Tuesday without naming the "UAE-linked" vessel. It said it took place some 51 nautical miles northwest of the Iranian port of Bandar-e Jask.
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, a total of 12 new orders for alternative-fueled vessels were placed in January 2025, marking a continuation of the trend towards the fuel in the second half of 2024.All new orders placed came from the container segment, DNV’s AFI informed.