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.
U.S. Senator Tammy Baldwin (D-WI) led a group of her colleagues in calling on President Donald Trump to hold China accountable for cheating trade laws to gain an unfair advantage in the shipbuilding industry.In the final days of the Biden Administration, the U.S. Trade Representative (USTR) released a report Baldwin pushed for that confirmed China has used unfair trade practices to undercut
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by four to 576 in the week to Jan. 24.
Japanese trading house Mitsubishi Corp may consider investing in an LNG project in Alaska, though any decision will require careful review, Chief Executive Katsuya Nakanishi said on Thursday.An Alaskan delegation visited Japan last week to brief policymakers and meet possible backers of the $44 billion natural gas project in the U.S.
Warren Controls, a leading manufacturer of control valves and specialty fluid handling products, highlights the Type 436 Naval and Marine Pressure Regulators, designed for shipboard seawater service. These regulators are engineered to meet the rigorous demands of naval and marine environments, offering unparalleled performance in various shipboard systems.