St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year.
Oil prices fell more than 1% to a four-month low on Thursday as concerns over supply disruptions eased after mediator Qatar said Iran and the U.S. made progress in talks over ending the four-month war that shut the key shipping through the Strait of Hormuz.Brent futures were $1.03, or 1.44%, lower, at $70.54 a barrel at 10:54 a.m. CDT (1554 GMT). U.S.
Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures LCOc1 were 66 cents or 0.92% lower at $70.91 a barrel at 0758 GMT, while U.S. West Texas Intermediate crude CLc1 fell 59 cents or 0.86% to $67.99 a barrel, their lowest level since February 27.
Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle.The steep slide in Brent crude LCOc1 back to pre-war levels of around $73 a barrel following the U.S.
Connecticut Maritime Association has decided to move its annual meeting and exposition to Houston for the coming year. In the last few years attendance has shrunk and I suppose leadership thinks that Houston has more potential to draw interest from the maritime community. This leaves me to wonder what the “Maritime Community” actually is.Connecticut Maritime Association had an interesting origin.
Guice Offshore, a leader in the offshore maritime mini supply vessel specialty market, announced the appointment of veteran energy finance executive Trey Stolz as Chief Financial Officer. Stolz brings more than 20 years of experience as an investment banker and equity research analyst focused on the oilfield services industry.
U.S. President Donald Trump warned on Monday that any Iranian "fast-attack" ships that go near a U.S. maritime blockade on Iran would be eliminated.Trump made the threat shortly after the U.S. blockade on vessels entering and departing Iran had been due to come into effect at 1400 GMT on Monday.Describing Iran's navy as "completely obliterated" during the six-week-long war between the U.S.
In 2010, the Monterey Bay Aquarium Research Institute (MBARI) began the process of replacing its research vessel, R/V Western Flyer. With Glosten at their side as vessel designer, MBARI considered three types of ships for their new project. The Western Flyer was a small waterplane area twin hull (SWATH), but the parties agreed on a monohull design for the new vessel.
France-based STAPEM Group has chosen Sonardyne’s Ranger 2 Ultra-Short BaseLine (USBL) technology as the permanent solution for one of its flagship offshore support vessels, the STAPEM Boreale.Operating in one of STAPEM Group’s key regions, Angola, the vessel is now equipped with a Ranger 2 GyroUSBL 7000 system, an all-in-one, high-performance USBL system for precise positioning performance
The US Coast Guard has announced it will invest nearly $350 million to expand robotics and autonomous systems.The funding, provided under the One Big Beautiful Bill Act (OBBBA), includes $11 million in fiscal year 2025 for immediate upgrades to critical autonomous systems.Initial investments include:$4.
Guice Offshore, U.S.-based operator of dynamically positioned mini supply and multi-purpose vessels for the offshore maritime market, has launched GO Asset Leasing to meet the growing demand for lease-ready maritime vessel heavy deck equipment.GO Asset Leasing offers flexible lease terms on a variety of field-tested, well-maintained inventory of A-frames, hydraulic winches, deck cranes
Guice Offshore, a leader in the offshore maritime mini supply vessel specialty market, announced the return of GO Searcher to its fleet, bringing the total number of Guice Offshore-owned vessels to 19.The GO Searcher, which has played a role in pioneering aerospace operations since 2014, is a 170-ft. multi-purpose DP1 vessel featuring a helipad.