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 machine learning-driven web app providing whale and dolphin IDs from hydrophone recordings will represent Canada at the Grand Finale of international competition Ocean Hackathon 10.The winning project was chosen during the Victoria edition of 48-hour innovation sprint Ocean Hackathon 10 this past weekend, hosted by COAST, an initiative of the South Island Prosperity Partnership (SIPP)
A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona, as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand.
The International Propeller Club announced its newly elected officers for 2025–2027. Members elected Costis J. Frangoulis, President of the Propeller Club of Piraeus, Greece, as International President at the Club’s 98th Annual International Convention in Lyon, France—a milestone that also marks the first non-American to hold the presidency in the organization’s 98-year history.
U.S.-based offshore and marine services company Otto Candies has acquired four multi-purpose support vessels (MPSVs) from Harvey Gulf International Marine.The vessels acquired by Otto Candies are the Harvey Blue-Sea, Harvey Sub-Sea, Harvey Deep-Sea, and Harvey Intervention. The value of the transaction was not disclosed.
U.S. Defense Secretary Pete Hegseth on Thursday said reports about poor conditions aboard aircraft carrier the USS Abraham Lincoln in the Middle East were "completely misrepresented.""We make sure every ship, every crew, every captain has everything we can provide them at every single moment.
A film commissioned by Lloyd’s Register Foundation highlights why commitment to fishing safety matters by bringing stories of three very different communities.“All that separates us is distance” tells the stories of Emmanuel, Dede and James as they work to make a living in the fishing industry in the small communities where they live.