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 fatal incident has occurred aboard one of the vessels of Tidewater, a subcontractor of Equinor, resulting in the death of a crew member.The incident took place on Polaris platform supply vessel (PSV) on June 2, 2025, while the vessel was on the Atlantic Ocean engaged in normal operations.
ABB has secured a contract with Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker, which is expected to be delivered to the Canadian Coast Guard by 2030.Polar Max will be constructed through an industrial collaboration between Canadian-controlled facilities in Helsinki, Finland and Lévis, Canada. The 22,800-ton, 138.
The owners and managers of the M/V Dali, the ship that destroyed Baltimore’s Francis Scott Key Bridge, have brought a claim in the Pennsylvania Court against the vessel’s shipbuilder, Hyundai Heavy Industries Co. Ltd. The M/V Dali was completed and delivered by HHI in 2015, so is 10 years old.
In Memoriam: Captain Charles Robert MacVean, USN, (Ret.), PhDMarch 22, 1937 – September 10, 2025The book, Blind Man’s Bluff, describes the secret USN submarine operations known as “The Projects.” It begins with the opening line, “There was something about Commander Charles R. MacVean that had a way of inspiring legend.
“In a global marketplace, supply and demand in one area of the world can greatly impact the agricultural production in another. American products are shipped worldwide …” is how the U.S. Department of Agriculture (USDA) describes the backdrop for international trade. The inland and coastwise waterway systems serving the United States (where agricultural cargoes are an important component) are
Geoquip Marine, a Njord Partners portfolio company, has completed a preliminary geotechnical site investigation for two 4 GW offshore wind projects.The investigation will support the developer in advancing the next phase of design for both project sites, located in the German sector of the North Sea.
KERSHIP launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard on April 24 in the presence of Mr. Dragan Krapovic, Minister of Defense of Montenegro, Ms. Anne-Marie Maskay, Ambassador of France to Montenegro, and numerous French and Montenegrin civilian and military personalities.
Italian shipping company GNV (Grandi Navi Veloci) has selected RINA’s SERTICA Performance for the latest addition to its fleet, the GNV Polaris, starting right away by testing the ship during its inaugural voyage from China to Italy.The tool for monitoring operational data on ships allows efficient energy consumption management and the optimization of performance.
The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said.President Donald Trumpre-imposed a "maximum pressure" policy on Iran in February that includes efforts to drive its oil exports to zero in order to stop Tehran from
KERSHIP has launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard in France.The vessels will be named Petar I and Petar II in respect for the sovereign of Montenegro.The OPV 60M, the result of an optimized design, will enable the Montenegrin Navy to carry out a wide range of missions: protection of strategic infrastructure
Finland will replace one of its eight existing icebreakers with a new vessel to secure open routes in the Baltic Sea year round, the Finnish government said on Monday.The announcement followed the signing of an "ICE Pact" last month, a deal between the United States, Canada and Finland to jointly advance their Arctic and polar icebreaker development in order to counter Russia and China in