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.
We are well into the discussions advising shipbuilders and operators how the U.S. will create a renaissance of the maritime industry. Federal Legislation, Executive Orders, and new foreign partnerships driving the promise of commercial competitiveness with the leading global shipbuilders. Most of the shipbuilding rhetoric indicates the domestic markets will be left to survive on their own.
At least eight people died and 18 were missing after a ferry carrying around 270 passengers and crew capsized off North Cyprus on Sunday, leaving survivors clinging to its overturned hull.The privately owned ferry left the port of Kyrenia at 12:30 p.m. local time (0930 GMT) and immediately started taking on water for an unknown reason, authorities said.
NOAA-supported scientists announced that this year’s Gulf of America hypoxic zone is approximately 1,332 square miles, making it the 2nd smallest zone on record in 40 years of measurement. Hypoxic areas, also called “dead zones,” are areas with little to no oxygen in the water, which can negatively impact fish, shellfish
Ships and aircraft participating in exercise Rim of the Pacific (RIMPAC) 2026 conducted a planned, live-fire sinking exercise (SINKEX) and sank decommissioned USS Mobile Bay (CG 53), July 12, 2026, and decommissioned USS Peleliu (LHA 5), July 17. Mobile Bay and Peleliu were sunk in waters 15,000 feet deep, more than 50 nautical miles off the northern coast of the island of Kauai.
In the first half of the year, the Port of Bilbao handled 17,317,427 tons of cargo, an increase of 1,893,980 tons and 12.3% up on the same period last year. This figure represents the highest year-on-year growth recorded at the start of a year for the last twenty-two years, or since 2004.
Heerema Marine Contractors has reduced the North Atlantic transit time of its semi-submersible crane vessel (SSCV) Sleipnir by 2.5 days following a voyage optimization pilot with French ocean intelligence company Amphitrite.The data-driven pilot reduced the vessel's sailing distance by 240 nautical miles and lowered carbon dioxide (CO2) emissions by up to 18%
ACUA Ocean's Mk1 USV PIONEER has successfully completed a five-day remotely operated offshore demonstration, validating persistent, multi-domain maritime operations using an uncrewed surface vessel.On Monday 22 June 2026, PIONEER departed Turnchapel Wharf, Plymouth, and operated continuously 16–20 nautical miles offshore until Friday 26 June
With powerful winter storms, it’s easy to focus on what’s happening at the surface: snowfall totals, wind chills, and travel impacts. But the real story often begins thousands of miles away, high in the atmosphere, long before the first flakes ever fall.In March 2026, a major winter storm swept across the Midwest United States, and it didn’t start with snow or wind at all.
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
The Neoliner Origin, the world's largest cargo sailboat, completed its maiden transatlantic voyage on Thursday (October 30) despite sustaining damage to its aft sail during the crossing, forcing the crew to rely partially on its motor and remaining intact sail.The 136-meter-long (446 feet) vessel, equipped with two semi-rigid sails, first stopped in Saint Pierre and Miquelon
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.