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.
Roboat, the Amsterdam-based startup developing autonomy systems for transport over water, announced a step towards scaling up operations as Unse Reinema, CEO and co-founder, is handing over the reins to Joshua Jordan. Joshua Jordan has been with Roboat since the beginning. With over a decade in Al and software startups
The American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) and Conrad Shipyard for the basic design of a 12,000-cubic-metre LNG bunkering articulated tug-barge (ATB) planned for construction in the United States.The approval follows a memorandum of understanding between SHI and Conrad Shipyard to jointly develop and build LNG bunkering ATBs.
The American Bureau of Shipping (ABS), HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) have completed a joint development project for a high-efficiency 16,000-TEU ultra-large container ship equipped with a battery hybrid system.ABS awarded approval in principle (AiP) to HD KSOE and HD HHI for the vessel's electrical analysis and electrical design
Officer Lee Tae Young, a first mate from the Republic of Korea, has been awarded the IMO Award for Exceptional Bravery at Sea, in recognition of his heroic actions that saved 12 fellow crew members from the Geum Seong No. 135 when it sunk in November 2024. He was honored during a special ceremony recognizing seafarers held in London on November 24, 2025
American Bureau of Shipping (ABS) has granted approval in principle (AiP) for VesselWise, a next-generation autonomous technology for optimizing propulsion to improve fuel efficiency and enhance operational stability.The technology was developed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI) and HD Hyundai Marine Solution (HD HMS) for LNG carriers.
Two merchant vessels near the Italian coast recovered the bodies of two migrants and rescued 32 survivors from a boat trying to cross to Europe from Libya on Easter weekend, rescue charities said, citing the survivors as saying 71 others were lost at sea.The victims were transferred to an Italian coast guard patrol boat and brought to the Italian island of Lampedusa