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.
Israeli forces stopped 14 boats carrying foreign activists and aid bound for Gaza, flotilla organisers said on Thursday, but 23 boats are continuing to sail towards the war-ravaged Palestinian enclave, according to the flotilla's tracking system.A video from the Israeli foreign ministry verified by Reuters showed the most prominent of the flotilla's passengers
James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability
A Canadian anti-whaling activist who has dodged arrest in Japan for more than a decade vowed at COP30 in Brazil to continue fighting for marine protection – taking aim in particular at deep-sea mining and Norway’s krill industry.Paul Watson urged delegates this week at the U.N. climate summit in the Amazon city of Belem to look beyond the world’s forests and remember that oceans also help to
Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will be dedicated to the installation of two additional docks, and three quays to increase capacity.
On August 5, a naming ceremony took place at the Sakaide Works of Kawasaki Heavy Industries Ltd. for a newly built very large gas carrier (VLGC). This vessel marks the sixth dual-fuel LPG (liquefied petroleum gas) carrier ordered by NYK, following the delivery of Liberty Pathfinder in October of the previous year.
James Fisher and Sons, a global provider of marine solutions, has marked the start of construction of its chemical tankers fleet with the laying of the keel for the first vessel, Orca Fisher, at the China Merchants Industry Yangzhou Dingheng Shipyard (YZDH).Orca Fisher is the first of four next-generation vessels - known as the Sealife class - introduced as part of James Fisher’s Fleet of the
Equinor, the developer of Empire Wind, has launched the Service Operations Vessel ECO Liberty on June 28 for deployment in its New York offshore wind project. Louisiana First Lady Sharon Landry served as the vessel’s “Godmother” during a christening ceremony on the Mississippi River at the Port of New Orleans.
Lloyd’s Register Advisory has verified the performance of Anemoi Marine Technologies’ wind-assisted rotor sails on TR Lady Kamsarmax following a year-long, multi-voyage testing period.In a Statement of Fact, Lloyd’s Register Advisory confirmed the methodology Anemoi used for calculating fuel and emissions savings from the three 24 meters high Rotor Sails installed on TR Lady - a Kamsarmax bulk
Technology group Wärtsilä has been selected to supply replacement engines for two inland waterway tug pusher vessels operating in Paraguayan rivers.The vessels are owned by ADM Naviera Chaco (ADM). The vessel modifications and new engine installations will be carried out in Asuncion-Paraguay.
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies.The Republican's executive order, which was expected
Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power.Wright, 59, believes fossil fuels are the key to ending world poverty, which is a greater problem than climate change's "distant" threat