US Gulf Oil Output Could Reach 2.4 million Bpd Despite Geopolitical Instability

The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday.U.S. President Donald Trump's global tariff announcements have since

The Switch to Supply Single Drives for New SDARI-Built Tankers

The Switch, a power electronics provider for the marine industry, has won a contract to deliver the single drives for shaft generators that will be installed on four tankers under construction at

Van Oord Starts Construction Works at RWE’s German Offshore Wind Farm

Dutch offshore installation firm Van Oord has started scour protection works at RWE Nordseecluster offshore wind farm, kicking off the offshore construction for the first phase of the 1.6GW project.The scour protection

Dong Fang Offshore Orders Another CSOV from Vard

Vard has secured a new contract with Taiwanese-based Dong Fang Offshore (DFO) for the design and construction of one Commissioning Service Operation Vessel (CSOV), a sister vessel to the two CSOVs ordered

Ship Recycling Fundamentals Remain Shaky

As inflation starts to slowly ramp up across the world, the US is gradually heading for a recession as the American economy shrank through Q1, reports cash buyer GMS, and the U.S.

Wallenius Wilhelmsen Finalizes Acquisition of Armacup

Wallenius Wilhelmsen has acquired the remaining shares in Armacup, bringing the shareholding percentage from 65 to 100%.Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since

World’s Largest Battery-Electric Ship Launched

Incat Hull 096 – the world’s largest battery-electric ship – has been officially launched in Tasmania, Australia.Built for South American ferry operator Buquebus, the 130-meter ferry will enter enters service between Buenos

NGO in Talks with Malta to Repair Gaza-Bound Aid Ship

An international NGO that intends to deliver humanitarian aid to Gaza by sea said on Sunday it was in talks with Malta's government about allowing the vessel to enter Maltese waters to

Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors