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.
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment of the Islamic Republic last Friday and Iran's retaliatory ballistic missile strikes, leading to a rally in global energy prices
China has flexed its muscles this month by sending an unusually large number of naval and coast guard vessels through a swathe of East Asian waters, according to security documents and officials, in moves that have unnerved regional capitals.Since early May, China deployed fleets larger than usual, including navy, coast guard and other ships near Taiwan
Port Milwaukee welcomed the Marshall Islands-flagged Federal Nagara as the first vessel of the 2026 international season on Friday, April 3.The Federal Nagara arrived at the Logistec terminal to unload specialty steel products following its transit through the St. Lawrence Seaway from Spain and Belgium, where it was loaded. The St.
Incat Crowther was commissioned by South Korean shipbuilder Kangnam Corporation (Kangnam) to design a new 80-m high-speed catamaran RoPax ferry for operation by Korea Express Ferry (KEF). The new vessel will service routes between Incheon Metropolitan City and the Yellow Sea islands of Daecheongdo, Baengnyeongdo and Socheongdo in Ongjin County, Republic of Korea (South Korea).
A little over a day and half since the Soo Locks opened providing access to Lake Superior and critical raw materials like iron ore, and the U.S.-flagged Great Lakes commercial fleet is at a standstill in the St. Marys River and Whitefish Bay, the critical connection between Lakes Superior and all other Great Lakes.The only way into Lake Superior is through the St.
The Tennessee-Tombigbee Waterway Development Authority has elected Governor Tate Reeves of Mississippi to serve as Chairman for 2026. Governor Reeves will lead the four-state interstate compact as it advances economic development, freight mobility, and recreation along the Tennessee-Tombigbee Waterway and the broader M-65 Marine Highway corridor.
Huntington Ingalls said on Thursday that it had expected free cash flow for the current quarter to be negative, despite beating quarterly profit estimates, sending its shares down 11% at midday.CEO Chris Kastner said on a post-earnings call that the negative cash flow represented use of about $600 million, "as some of the fourth-quarter working capital benefit unwinds".
This past year won’t soon be forgotten. In 2025, conventional thinking about economics and investor behavior was frequently challenged, as dramatic changes in technology, energy and geopolitics drove markets in often unexpected ways.As the clock turns to 2026, here are 8 general market movers that can help explain what happened in 2025 and what it might mean for 2026 and beyond.1.
Chinese cruise operators are scrambling to avoid Japanese ports as Beijing and Tokyo engage in a diplomatic dispute, which is expected to spur demand for tourism in South Korea, according to sources and cruise schedules reviewed by Reuters.Tour and port agents said tensions, sparked by recent remarks from Japan's new prime minister
A joint team from HII, Woods Hole Oceanographic Institution (WHOI), and the U.S. Navy’s Naval Undersea Warfare Center Division Newport (NUWC Division Newport) has successfully completed the first recovery of a second-generation REMUS 620 into a Virginia-class submarine torpedo tube and shutterway test fixture at Seneca Lake, New York.
In the shadow of the Taiwan Strait, a new chapter in asymmetric naval warfare is unfolding. Drawing lessons from Ukraine’s strategic use of maritime drones in the Black Sea, Taiwan is adapting similar technologies as a low-cost, high-impact defense against an increasingly assertive Chinese Navy.