McAllister Towing’s newest tractor tug, the Gerard McAllister, was delivered from Washburn & Doughty, the fifth in a series of six 84-metric-ton bollard pull, low-emission tractor tugs. She is McAllister’s 42nd tractor tug and the 13th with over 80 metric tons of bollard pull, underscoring the company’s continuation toward a more powerful, hi-tech, and sustainable fleet.
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.
Windward Offshore has taken delivery of its first Commissioning Service Operation Vessel (CSOV), Windward Athens, built by Norwegian shipbuilder Vard.The vessel represents a major milestone on Windward Offshore’s growth path and marks the company’s entry into operations with its dedicated CSOV fleet.
U.S. President Donald Trump wants a pay raise for troops, more high-tech missiles and drones in next year's defense budget, while cutting Navy jobs, and buying fewer ships and fighter jets to save money, according to budget materials posted Wednesday.At $892.6 billion, the defense and national security budget request is flat compared with this year.
Berg Propulsion has signed a formal partnership agreement with Scotland-based Stone Marine Services (SMS) to expand service and support capabilities across the UK and Ireland.The non-exclusive agreement formalizes a long-standing relationship between the two companies and is aimed at strengthening support for Berg's existing customer base while supporting growth in the region.
Iron ore shipments on the Great Lakes in March 2026 decreased 23.5 percent from a year ago. Loadings were also below the month’s 5-year average by 35.1 percent. The iron ore trade stands at 2.7 million tons, a decrease of 7.7 percent compared to 2025. For the first three months of the year, iron ore shipments are 21.2 percent below their 5-year average.
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT. U.S. West Texas Intermediate crude CLc1 futures were up $7.06, or 7.1%, at $107.18 per barrel.
Iron ore shipments on the Great Lakes totaled 2 million tons in January, a near match to 2025. Loadings were below the month’s 5-year average by 14.5 percent.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet, which today can move more than 90 million tons of cargos annually that are the foundation of American industry, infrastructure, and power: iron ore, stone, coal
Boston Harbor's MV Outward Bound has returned to Gladding-Hearn Shipbuilding, Duclos Corporation for a mid-life refit. Redelivery is planned for spring 2026. Purpose-designed by JW Gilbert Associates and built by the Somerset, Mass., shipyard in 1995, the 64-foot, 140-passenger steel vessel carries visitors and supplies seasonally to Cathleen Stone Island Outward Bound
Nigeria's anti-narcotics agency is working with its U.S. and British counterparts to investigate the origins of a $235 million cocaine shipment seized at Lagos' Tincan Port, in one of the country's largest drug hauls.The National Drug Law Enforcement Agency (NDLEA) said in a statement on Tuesday that 1,000 kg of cocaine was discovered in an empty container at a terminal over the weekend.
German propulsion specialist Schottel has established a new subsidiary in the United Kingdom to strengthen its market presence in Britain and Ireland and expand customer support.Schottel UK will primarily focus on newbuild and retrofit sales, aiming to provide on-site support and tailored assistance for designers, builders and owners throughout the specification and procurement process.
Offshore construction has started at the Hollandse Kust West wind farm, where Van Oord and developer Ecowende are installing eco-friendly scour protection designed to improve marine biodiversity.Van Oord’s subsea rock installation vessels Nordnes and Bravenes have been mobilised to lay scour protection around monopile foundations