Brazil's state-controlled oil company Petrobras has signed a $427 million contract through its logistics subsidiary Petrobras Transporte (Transpetro) with the Rio Grande Shipyard for the construction of four medium range tankers as part of a broader program to renew and expand its shipping fleet.
The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter.The Navy's assessments spell continued disruption to Middle East oil exports and reflect a divergence from President Donald Trump’s statements
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.-based Naval Systems, Inc. (in partnership with Dragonfish Technical Solutions, LLC) (NSI/DF) and U.K.-based SubSea Craft successfully demonstrated an integrated suite of advanced unmanned maritime systems during a multinational maritime exercise conducted October 5–8 off the coast of California.
The fourth edition of the Port Entrepreneurship International Congress (PEIC) concluded in Valencia, Spain, attracting more than 650 participants from the international maritime, port and logistics sectors, marking record attendance for the event.Organized by Opentop, Valenciaport's open innovation hub, the October 20–21 congress brought together startups, technology developers, port authorities
Boluda Corporación Marítima has officially inaugurated its Netherlands headquarters in Rotterdam, located in the city's Maritime Quarter, a location that will serve as the center of operations in Northern Europe through its subsidiaries Boluda Towage and Boluda Shipping.The building was officially inaugurated by Vicente Boluda Fos, Chairman of Boluda Corporación Marítima
The Port of Valencia is strengthening its position as a proving ground for maritime technology innovation, with the sixth edition of the Valenciaport Hackathon bringing together international startups to develop solutions aimed at real-world deployment within the port's operational environment.
Inmarsat Maritime, a Viasat company, has worked with its Argentinian partner Ingenieros Electrónicos Asociados (IEA) to implement NexusWave for Glaciar Pesquera to support the fishing company’s fleetwide targets to achieve greater operational efficiency and enhanced crew welfare.As a fully managed, bonded multi-network service
Around 50 French ships are currently blocked in the Persian Gulf and another eight in the Red Sea, France's Transport Minister Philippe Tabarot said on Friday, as Paris seeks support to build a coalition of countries to secure shipping traffic in the region."There are around fifty ships - 52 to be precise - in the Persian Gulf and eight in the Red Sea
Spain’s Valenciaport closed the 2025 financial year with higher revenues, sharply improved profitability, and a new record for container throughput, underscoring continued carrier commitment despite a volatile global trade backdrop.Provisional results reviewed by the board of directors show net turnover rising 9.02% year over year to €164.3 million, while pre-tax profit climbed 50.51% to €43.
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.