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.
South Korea's HD Hyundai Heavy Industries and U.S. military shipbuilder Huntington Ingalls have agreed to jointly build U.S. navy auxiliary ships, the South Korean shipbuilder said on Sunday.HHI has a strong track record in this field, having delivered its first auxiliary vessel, HMNZS Endeavour, to New Zealand in 1987, followed by the HMNZS Aotearoa in 2020.
Moran Towing Corporation acquired Bisso Towboat Co, as it aims to accommodate growing needs of New Orleans and the Lower Mississippi River communities.Moran was founded in 1860 and is privately owned and operated. It offers ship assist services in 17 ports along the U.S. East and Gulf Coasts and has operated in New Orleans since 2006.
U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act, which passed last month
A tow pilot’s distraction caused by personal cellphone use resulted in a collision last year with moored barges on the lower Mississippi River, according to the National Transportation Safety Board.The towing vessel William B Klunk was pushing 22 loaded hopper barges on April 17, 2024, when the tow collided with moored barges at a fleeting area near Baton Rouge.
President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.
The Tennessee-Tombigbee Waterway Development Authority has elected Governor Tate Reeves of Mississippi to serve as Chairman for 2026. Governor Reeves will lead the four-state interstate compact as it advances economic development, freight mobility, and recreation along the Tennessee-Tombigbee Waterway and the broader M-65 Marine Highway corridor.
Associated Terminals and Liebherr Maritime Cranes celebrated the christening of two CBG 500 E cranes in New Orleans, introducing the first all-electric transshipment cranes of their kind on the Lower Mississippi River. Each crane is engineered for high-volume bulk handling, offering maximum grab capacities of 90 tonnes in sheltered waters and up to 65 tonnes inopen water
HII’s Ingalls Shipbuilding authenticated the keel today of Arleigh Burke-class guided missile destroyer Thad Cochran (DDG 135). The ship honors Thad Cochran, a Navy veteran and former U.S. senator who represented Mississippi from 1978 to 2018. Ceremony attendees included Cochran’s wife and ship sponsor Kay Webber Bowen Cochran and Ingalls shipbuilders.
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.
Elomatic, an international consulting and engineering company, has successfully completed the installation of its Elogrid tunnel thruster technology on the 10,000 GT special purpose research vessel, the METEOR IV, built by the MEYER FASSMER spezialchiffbau consortium.As part of a joint venture between FASSMER and MEYER Group
Today, at Fincantieri’s Sestri Ponente shipyard, three ceremonies took place for Explora Journeys, the luxury lifestyle brand of the MSC Group: the launching of Explora III, the coin ceremony for Explora IV, and the steel-cutting for Explora V.Comprised of a total of six vessels—with the first two, Explora I and Explora II, already in service—the luxury brand’s fleet