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.
By the time Robbie Roberge spotted the fire consuming his boat's galley last August, he knew he had just minutes to evacuate his beloved Three Girls fishing vessel, named for his daughters.As the flames spread up the boat's walls, he helped his crew into safety suits, deployed a life raft and made a mayday call to alert nearby mariners and the U.S.
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
Satellite images obtained by Reuters on Thursday show a build-up of Chinese civilian vessels near contested Thitu Island, Manila's key outpost in the South China Sea, but a senior Philippine navy officer said they are "not a cause for concern".One of the images taken by Maxar Technologies on Monday and reviewed by Reuters shows about 60 vessels, some within 2 nautical miles of Thitu
There’s plenty to go around for everyone, no matter it comes from.I will admit that attending the 2024 Workboat Show in the Big Easy just ten days after settling into the MarineNews Editor’s chair (for this, the second time around) had my full attention. The event typically evokes the specter of drinking from the proverbial fire hose in routine times
Stolt-Nielsen Limited announced that Jens F. Grüner-Hegge, the Company’s Chief Financial Officer (CFO), has decided to retire from his executive position in the second half of 2026. Alex Ng, current Vice President, Corporate Development & Strategy, has been appointed by the Board of Stolt-Nielsen Limited (the Board) as CFO Designate, and will take over the role of CFO as of August 1, 2026.
The Trump administration said on Friday it was cancelling $679 million in federal funding for 12 offshore wind projects, including $427 million for a California project.The move is the latest in a full-throated effort by the administration to undermine an industry that was central to former President Joe Biden's climate and energy agendas.U.S.
The United Seamen’s Service (USS) announced that the 56th annual Admiral of the Ocean Sea (AOTOS) Awards will honor three champions of American maritime: Captain Willie Barrere, National President of American Maritime Officers; Edward F. Hanley, Chief Operating Officer of Maersk Line, Limited and Vincent J. Marino, Chief Executive Officer of CMC-ITI-CCS.
The Chamber of Shipping of America has recognized 57 Crowley-owned or -managed vessels with its Jones F. Devlin Safety Awards, honoring the achievements and hard work of crews that together completed a total of 478 years without a lost time injury.The Jones F. Devlin Safety Award honors the commitment of people and companies responsible for long-term operational safety
Italian power grid operator Terna and its Greek counterpart IPTO signed on Monday a deal worth nearly 2 billion euros ($2.2 billion) on a new undersea electricity interconnector between Italy and Greece.The deal was announced after Italian Prime Minister Giorgia Meloni hosted a summit with her Greek counterpart Kyriakos Mitsotakis at Rome's 17th-century Villa Doria Pamphili
Norwegian supplier of boat-handling systems Vestdavit has demonstrated the operational efficiency of its davits during sea trials of the equipment on U.S. Navy fleet refueling vessels being built by General Dynamics NASSCO.The pair of high-specification PLRH-5000 rescue boat davits were subject to rigorous operational testing in the recent trials performed with USNS Robert F.
Shaver Transportation (Portland, Oregon) reports that Peter Karneus, Vice President of Sales for the ship assist division, is retiring effective January 2025, succeeded by Bo McCall.Karneus is retiring after twenty-seven years during which he has been instrumental in ship assist sales, including building a new sales team, growing customer relationships