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.
U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.
Subsea7 has secured a sizeable contract by Shell for the Kaikias Waterflood project, a deepwater development in the Mars-Ursa Basin, off the Louisiana coast in the United States.The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 meters.
Belgian offshore contractor Jan De Nul has concluded the 2025 transport and installation campaign of three HVAC grid connection cables at TenneT’s DolWin kappa platform.When finalized, these cables will ensure the transport of almost 660 MW renewable electricity from two offshore wind farms, which is enough energy needed to power more than 800,000 German homes.
ST Engineering’s Marine business and Siemens Energy have been awarded a second contract by Transcontinental Capital Corporation (Bermuda), a subsidiary of Seaboard Corporation, to deliver Estrella del Mar IV, a barge-mounted power plant to Santo Domingo in Dominican Republic.The new power plant will be based on its predecessor, the Estrella del Mar III, which was commissioned in 2022.
U.S. President Donald Trump and Finnish counterpart Alexander Stubb will meet on Thursday at the White House tosign a pact for the U.S. Coast Guard to buy up to four icebreaker ships from Finnish shipyards, the White House and Stubb said.Trump and Stubb have established friendly ties since Trump regained power in January
The United States is committed to deepening military cooperation with Finland, Finnish Defence Minister Antti Hakkanen said on Thursday, despite U.S. plans to scale back its operations elsewhere on NATO's eastern flank in Europe.Finland, which joined NATO in 2023 in response to Russia's 2022 invasion of its other neighbour Ukraine, has a bilateral Defence Cooperation Agreement with the U.S.
Brunvoll Mar-El has signed a contract with Oma Baatbyggeri as system integrator and provider ofelectrical propulsion systems for a zero-emission catamaran ferry, commissioned by Rødne FjordCruise. The passenger and vehicle vessel will operate in the stunning Lysefjorden, Norway, with delivery set for June 2026.
First High-Tech Exploration of Argentina’s Mar del Plata Canyon, Schmidt Ocean Institute’s Remotely Operated Vehicle SuBastian shines light on an offshore canyon in Argentine waters nearly twice as deep as the Grand Canyon — capturing images and video of 40 suspected new species, coral fields, and a seastar that resembled a famous cartoon character.
The new fisheries surveillance vessel (FAB) built and delivered by the TAMSEN MARITIM shipyard in Rostock-Gehlsdorf for the State Office for Agriculture, Food Safety and Fisheries of Mecklenburg-Western Pomerania (LALLF) was christened “Goldbutt” on August 7, 2025, in Sassnitz's city harbor. For TAMSEN MARITIM, this is the first new build commissioned by the state of Mecklenburg-Western Pomerania.
The Paris Memorandum of Understanding on Port State Control (Paris MoU) successfully concluded its 58th Committee meeting in Malmö, Sweden, May 26-30, 2025. The meeting, formally opened by Ms. Pernilla Wallin, Deputy Director, Department of Civil Aviation and Maritime Affairs, Swedish Transport Agency, and chaired by Mr.
Marinfloc takes a leap into the digital era with the launch of MARS – Marinfloc Alert Report Support, a cloud-based platform for the management and control of wastewater treatment onboard. With MARS, shipowners, technical managers, and crew gain access to real-time data, alerts, and reports that provide complete oversight of system performance while ensuring full compliance with regulatory