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
Incat Crowther was commissioned by South Korean shipbuilder Kangnam Corporation (Kangnam) to design a new 80-m high-speed catamaran RoPax ferry for operation by Korea Express Ferry (KEF). The new vessel will service routes between Incheon Metropolitan City and the Yellow Sea islands of Daecheongdo, Baengnyeongdo and Socheongdo in Ongjin County, Republic of Korea (South Korea).
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.
Eastern Shipbuilding Group launched the vehicle-passenger ferry FALCON, being constructed for the Fisher Island Community Association (FICA).The ferry is designed to meet the unique needs of the Fisher Island route, combining enhanced vehicle capacity and passenger comfort with ESG’s proven vessel-construction expertise.
On November 1, the latest cohort of the maritime and oceans leaders graduated from the World Maritime University (WMU). The Class of 2025 has received the education required to contribute to maritime and oceans issues in their home countries and more broadly to the implementation of the United Nations Sustainable Development Goals (UN SDGs).
Huisman has been awarded a contract from Hanwha Ocean for the design and construction of a 2,600 mt Leg Encircling Crane (LEC).The contract award follows the orders for two identical 2,600 mt Leg Encircling Cranes, destined for the wind turbine installation vessels being built by Hanwha Ocean for Cadeler.This crane is intended for an NG-16000X platform.
After three years of leading the South Carolina Ports Authority as President and CEO, Barbara Melvin has announced her resignation, with plans to pursue other opportunities.Melvin joined SC Ports in 1998, serving in a variety of roles and leading major infrastructure initiatives like the Charleston Harbor Deepening Project.
Thomas Bek, who has been with Blue Water for 29 years, is taking over as CEO from Søren Nørgaard Thomsen, who is leaving the transport and logistics group after seven years.There has been significant development at the Danish transport and logistics group since 2018, when Søren Nørgaard Thomsen took over as CEO.
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.