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 U.S. Navy helicopter and a fighter jet crashed separately into the South China Sea within the space of an hour during routine operations conducted from the same aircraft carrier on Sunday, the U.S. Navy said, adding all personnel were safe.The incidents came while President Donald Trump was on a visit to Asia.
The United States will "take back" the Panama Canal from Chinese influence, U.S. Defense Secretary Pete Hegseth said on Tuesday during a visit to the Central American nation.After talks with Panama's government, Hegseth vowed to deepen security cooperation with Panamanian security forces and said China would not be allowed to "weaponize" the canal by using Chinese firms' commercial relationships
The U.S. Army Corps of Engineers (USACE), Baltimore District, the U.S. Coast Guard (USCG) and U.S. Navy’s Supervisor of Salvage and Diving (SUPSALV), have removed all the major components of the American Airlines regional jet and U.S. Army Black Hawk helicopter from the Potomac River.
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
Divers from the FBI continue are investigating multiple underwater targets in the Potomac River that could be additional aircraft debris from the collision between a Mitsubishi Heavy Industries (MHI) RJ Aviation (Bombardier) CRJ700 and a Sikorsky UH-60 Black Hawk helicopter.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas
The NTSB, in coordination with the U.S. Navy Supervisor of Salvage, has recovered the aft fuselage, right engine and right pylon of the Bombardier CRJ700 after its midair collision with a Sikorsky UH-60 Black Hawk helicopter near Ronald Reagan Washington National Airport.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas