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.
American Bureau of Shipping (ABS), Japan’s ENEOS, Nippon Yusen Kabushiki Kaisha (NYK Line) and SEACOR Holdings have launched a joint study to develop a commercial methanol marine fuel supply network along the U.S. Gulf Coast.The study aims to establish the first large-scale ship-to-ship methanol bunkering operations in the United States
Expansion into Harbor Tug sector helps Master Boat Builders nearly double in size, from 200 to 400 employees building eight to nine vessels per year, and the prospect of a new drydock plus additional partnerships and government construction contracts promises to power the company forward further, faster.
U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments.
“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
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
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration
Maritime software company OrbitMI has acquired Gale Force, a provider of maritime advisory services. Gale Force specializes in voyage optimization, environmental compliance, and voyage execution support.This acquisition represents a strategic step forward in OrbitMI’s mission to deliver a comprehensive, intelligent maritime platform that meets the evolving expectations of clients.
A replica of Christopher Columbus's flagship Nao Santa Maria opened to public at London's St. Katharine Docks Marina on Thursday (May 29).The original ship was one of the three used by Columbus's crew in 1492 when he discovered territories in the Caribbean and the Americas.The 93 feet replica carries the Spanish flag as the Italian explorer's voyage was sponsored by Spanish monarchs.
The Australian Transport Safety Bureau (ATSB) has issued formal recommendations to three government agencies and a salvage operator with the release of its final report into the near stranding of the bulk carrier Portland Bay near Sydney in July 2022.“The stranding on pristine national park coastline of a 170-metre ship carrying 950 tonnes of heavy fuel oil would have had internationally
There were 57 ships in the queue at the Port of Newcastle in Australia when the Pasha Bulker ran aground there in 2007.The coal ship was grounded for about three weeks before it was able to be towed away for repairs.The Pasha Bulker wasn’t the only vessel that had attempted to ride out the gale at anchor, and the majority of other vessels that did so also dragged their anchors.
Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans.The proposed fees on China-built vessels could top $3 million per U.S. port call.