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.
Frederick Joseph Harris of Mystic CT, passed peacefully at 5:47PM on 10/24/2025, with his family by his side. “Fred” was born on 11/25/1944 at Framingham Union Hospital to Frederick Everett and MaryRosa Camilla Harris.Fred was a proud patriot who loved his country. Fred received his bachelor’s degree in Marine Engineering from Maine Maritime Academy (with Honors) in 1967.
Van Oord's new offshore wind installation vessel Boreas was officially christened on June 18 in Rotterdam. The event marked a milestone in Van Oord’s commitment to enhancing the energy transition. In addition, Van Oord announced that it had become the first marine contractor to receive approval on science-based targets for its decarbonization approach. The Boreas was christened by Ms.
On April 30, Senator Mark Kelly (D-AZ), together with several original co-sponsors, reintroduced the SHIPS for America Act in the U.S. Senate, first introduced in December 2024, divided into two bills. Companion legislation was also introduced in the U.S. House of Representatives by Rep. Trent Kelly (R-MS) and Rep. John Garamendi (D-CA). This is a major, historic effort to revitalize the U.S.
KERSHIP welcomed Mr. Aleksa Bečić, Deputy Prime Minister of Montenegro, and Mr. Dragan Krapovic, Minister of Defense of Montenegro on Wednesday, December 17, at its Lanester site. This second visit marks a significant step forward since the construction launch ceremony of the first offshore patrol vessel.
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).
During a live showcase on board Scylla’s new passenger vessel MS Lumière, Shipping Technology, Retina, and Scylla successfully completed the first-ever autonomous Dock2Dock voyage—from undocking in Hardinxveld-Giessendam to docking in Gorinchem.The demonstration combined Retina’s M-Pilot maneuvering system with the ST BRAIN and Autonomous Lane Assist (ST Sailing) from Shipping Technology
On October 9, 2025, the Fratelli Cosulich Group launched Maya Cosulich — the world’s first methanol-powered IMO II chemical bunker tanker — at Taizhou Maple Leaf Shipyard.The ceremony was attended by Ms. Hoe Sook Mei from the Fratelli Cosulich Singapore office, who served as the Godmother of Maya Cosulich.
The Arab Shipbuilding and Repair Yard Company (ASRY) launched a pair of bunker vessels for Bapco Refining, a subsidiary of Bapco Energies, at a ceremony held on Monday, attended by ASRY Chief Executive Officer Dr Ahmed Al Abri, Bapco Refining Deputy Chief Executive Officer Ms. Afaf Zainalabedin, and senior representatives from both companies.
American Cruise Lines announced their biggest season of New England cruises—featuring nine itineraries and five small ships, including the newest cruise ship in the country, American Patriot.American Patriot is the flagship in the company’s new Patriot Class series. The 130-passenger ship passed Sea Trials and will embark on its first cruise this week, sailing June 21 roundtrip from Boston.
The House Transportation and Infrastructure Committee advanced the bipartisan Mariner Exam Modernization Act, introduced by Coast Guard and Maritime Transportation Subcommittee Ranking Member Salud Carbajal (D-CA-24) and Chair Mike Ezell (R-MS-04).“Our country’s maritime industry shouldn’t be held back by an antiquated credentialing system,” said Rep. Carbajal.
The Bureau of Ocean Energy Management (BOEM) today announced its approval of the Construction and Operations Plan for the SouthCoast Wind Project. This is the final approval needed for the project from BOEM following the Department of the Interior’s December 2024 Record of Decision.