Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has…
DOF Group has been awarded a contract by Norway’s transmission system operator Statnett for the replacement of high-voltage subsea power cables in Ofotfjorden, northern Norway.The contract, classified by DOF as substantial with a value between $25 million and $50 million…
Iran has told the United Nations Security Council and the International Maritime Organization that 'non-hostile vessels' may transit the Strait of Hormuz if they coordinate with Iranian authorities, according to a note seen by Reuters on Tuesday…
Nexra, Cadeler’s operations and maintenance service platform, has secured an additional contract for an offshore wind campaign in Taiwan to be executed in 2026.The contract covers operations and maintenance work on two offshore wind farms and…
Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore…
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering…
Maersk Offshore Wind has officially christened its new Seatrium-built wind turbine installation vessel (WTIV) Maersk Viridis, marking the entry of the first vessel in the company’s new offshore wind installation fleet.The naming ceremony was held on board the vessel…
Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed…
Lloyd’s Register (LR) has certified XOCEAN’s X-30 Remotely Operated Uncrewed Vessel (ROUV) to the UK Maritime and Coastguard Agency’s Workboat Code Edition 3 (WBC3), including the Annex 2 requirements for ROUVs.The certification makes X-30 one…
Oil prices rose sharply on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, fuelling concerns of a prolonged conflict and potential disruptions to oil flows through the Strait of Hormuz.Brent futures LCOc1 climbed $5…
Bernhard Schulte Offshore (BSO) has taken delivery of a new commissioning service operation vessel (CSOV). The Windea Carnot, which was built at Ulstein Verft in Norway on behalf of an institutional investor, was handed over to its new owner…
Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea…
N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel…
Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be 'catastrophic consequences' for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery…
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region…
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