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
With your first steps as a cadet onto the Maritime Academy campus, your first union dues payment or first line thrown ashore from the tug, you are lectured on the importance of the “Jones Act”. A constant reminder throughout a US Seafarer’s career of commitment, loyalty and support for the legislation.
Maybe it is a human trait, or maybe a Washington, D.C. trait, but when confronted with a difficult problem with unpalatable solutions, there is usually an impulse to delay the moment of difficult decision by ordering a study. The U.S. merchant marine industry is the poster child for this behavior.
Family members of two men killed in a U.S. missile strike against a suspected drug boat near Venezuela filed a wrongful death lawsuit on Tuesday, alleging the pair were murdered in a "manifestly unlawful" military campaign targeting civilian vessels.Civil rights lawyers filed the lawsuit in Boston's federal court, marking the first court challenge to one of the 36 U.S.
Two tankers carrying around 1.5 million barrels of Russian Urals crude have dropped anchor at sea on either end of the Suez Canal, in an apparent sign of the difficulty Moscow is having selling oil after Western sanctions were tightened last month.The vessels Sikar and Monte 1 were both loaded with oil from Russia’s Baltic port of Primorsk in early October and have remained anchored near the
As top EU leaders also plan to meet with US president Trump on Monday and seek a path to end the Ukraine war, oil fell nearly 2% last week, reports cash buyer GMS.It closing it out at $62.80/barrel even though the easing of sanctions could see oil trade ease in the coming weeks and traders remained bearish about the future.
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.
IntroductionThe increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the strategically vital Strait of Hormuz (the “Strait”) to international shipping. Inevitably, this led to considerable concern over the impact that the closure of the Strait (or attacks on vessels passing through the Strait) would have on the flow of goods and energy products
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.
It had been at least 15 years since I last had a job in Jamaica, but a recent job gave me the chance to have another look at this enigmatic but super interesting country. I have always been fascinated by Jamaica; it struggles like many other poorer nations, but with good beer, great coffee, great food and great music, to me, it always offers something more.
The Round Table of International Shipping Associations - which consists of BIMCO, the International Chamber of Shipping (ICS), INTERTANKO, and INTERCARGO - has called for the increase in the awareness of seafarer safety, rights, and treatment outside of the shipping industry.The chairpersons of the world’s biggest shipping industry organizations gathered on February 6 in Athens to discuss topics