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.
Colonna’s Shipyard, Inc. (CSI) will invest $70m to acquire its fourth drydock, expected to have a lifting capacity of 25,000 tons and slated for delivery in the first half of 2028.“This new drydock acquisition is a testament to our continued dedication to innovation, quality service, and our steadfast investment in the future,” said Randall Crutchfield, Chairman & CEO, at Colonna’s Shipyard, Inc.
Colonna’s Shipyard is a fifth-generation, family-owned medium-sized shipbuilder, led by Randall Crutchfield, Chairman & CEO, today. Founded in 1875 by 26-year-old ship carpenter Charles J. Colonna with a $2,000 loan from his brother, he founded a company that has not only withstood the test of time
TDI-Brooks’ multi-use oceanographic research vessel Miss Emma McCall has completed its full-term ABS shipyard period and is heading to the Caribbean region following a reflagging process.The company said it is reflagging the vessel from the United States to Vanuatu to support cost-effective operations in the Caribbean and northern South America region.
Wärtsilä Water & Waste, part of technology group Wärtsilä, has introduced a flexible and modular grease trap product line designed to separate fats, oils and grease from galley wastewater streams onboard merchant vessels, cruise ships and offshore platforms. The solution supports improved wastewater management while contributing to protection of the marine environment by capturing fats, oils
The American Association of Port Authorities (AAPA) Board of Directors announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4.Most recently, Yi served as Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration (MARAD), where he oversaw key programs supporting the nation’s commercial and strategic maritime infrastructure.
Regal Rexnord Corporation announced that its Board of Directors has appointed Aamir Paul to serve as Chief Executive Officer (CEO), commencing no later than July 1, 2026, upon the conclusion of his responsibilities with his current employer, Schneider Electric SE. The Board has also determined that Mr.
U.S. natural gas futures eased about 1% on Thursday on near-record output and ample amounts of gas in storage despite near-historic flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher demand over the next two weeks than previously expected.
U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export plants and forecasts for higher demand than previously expected as the weather turns colder than normal going into December.Front-month gas futures for December delivery on the New York Mercantile Exchange rose 17.9 cents, or 4.1%, to settle at $4.
Listen to the full Maritime Matters: The Marinelink Podcast featuring Randall Crutchfield, Chairman & CEO, Colonna’s Shipyard, the fifth-generation, family leader of this medium-sized shipbuilder. Founded in 1875 with a $2,000 loan from his brother, 26-year-old ship carpenter Charles J.