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.
A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal also under Western restrictions, according to two analytics firms.The operation appears to be the first known STS transfer of sanctioned Russian LNG, despite Western efforts to curb Moscow's energy revenues over its war in Ukraine.
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.
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S.
Thailand's Gulf Energy has issued a tender seeking four to six cargoes a year of liquefied natural gas (LNG) over a 10-year period, said two industry sources on Tuesday.It is seeking the cargoes for delivery from 2028, in a tender that closes on January 19.(Reuters - Reporting by Emily Chow; Editing by Christopher
On January 6, 2026, Ms. Laura DiBella of Florida was sworn in as a Commissioner of the Federal Maritime Commission (FMC or Commission). Commissioner DiBella will serve for a term that expires on June 30, 2028. Commissioner DiBella was nominated by President Trump on September 3, 2025, confirmed by the United States Senate on December 18, 2025
State-owned Petrovietnam Gas has awarded its first-ever term supply tender seeking liquefied natural gas (LNG) to energy major Shell, which will deliver the super-chilled fuel to Vietnam from 2027 to 2031.The five-year supply deal will see Shell deliver about 400,000 metric tons a year of LNG to the Southeast Asian nation, according to a Petrovietnam Gas statement issued late on Tuesday.
A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Margerie tanker arrived at Arctic LNG 2 on October 17 and departed loaded on October 20, according to Kpler data.
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.
A tanker carrying liquefied natural gas from Russia's Arctic LNG 2 project has discharged it at a Chinese port, according to data from analytics firms Kpler and Vortexa, continuing supplies despite Western sanctions against the project.The La Perouse tanker berthed at the Beihai LNG Terminal in China's southwestern region of Guangxi on October 9
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.