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 landmark moment in Gulf Coast industry was celebrated today with the christening of Creole King, a state-of-the-art barge-mounted stevedoring crane, at the Port of Iberia.Operated by Cooper Consolidated and assembled by E-Crane’s Gulf Coast Service team, the Creole King represents a technological and environmental leap forward for midstream cargo operations.
Wind assisted ship propulsion (WASP) pioneer Blue Wasp Marine announced the launch of its latest software tool, Pelican Suite, which will enable vessel owners, operators and charterers to assess and optimize a range of WASP solutions.Pelican Suite hosts a collection of tools to assess the suitability of WASP solutions, both pre- and post-installation.