Vessels News

Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them.Rezaei said Iran had agreed with Oman on a shipping corridor through the strait, with parts of the route in Omani waters and parts in Iranian waters. Ships would use a designated central channel if the U.S. met Iran's conditions, he said through an interpreter in an Al Manar TV interview.On Wednesday…

Shipping traffic at the Strait of Hormuz rose slightly even as a standoff persisted between the United States and Iran, data showed on Thursday, while the market monitored Iran-Oman talks about the waterway.Visible commodity vessel transits at Hormuz totalled 10 on Wednesday, up slightly from eight on Tuesday, data from Kpler showed.

Dubai-based offshore vessel operator Astro Offshore has signed a strategic memorandum of understanding with Oceaneering International to jointly pursue and deliver offshore and subsea projects.The agreement combines Astro Offshore's offshore vessel capabilities with Oceaneering's remotely operated vehicle (ROV), survey and integrated project delivery expertise.Astro Offshore said the partnership will allow the companies to provide integrated solutions across a wider range of offshore operations.The agreement coincides with Astro Offshore's acquisition of Astro Aurora…

Petrobras has signed a two-year contract for the Normand Valiant construction support vessel (CSV), owned by Solstad Maritime (SOMA).The contract is expected to start in fourth quarter 2026 in direct continuation of the current agreement and subsequent class renewal.The vessel will provide accommodation services to support production activities on the Brazilian continental shelf.The Normand Valiant is a 2008-built smaller CSV mobilized with a walk to work gangway system and has…

Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.Brent crude futures LCOc1 fell $2.30, or 2.6%, to $86.28 a barrel by 0447 GMT, earlier dropping to their lowest since August 13. U.S. West Texas Intermediate crude futures CLc1 were down $2.08, or 2.53%, at $80.29, earlier sinking to their lowest since August 10.Both…

Kongsberg Maritime has secured a contract to deliver a fully integrated suite of technology and equipment for a new multi-purpose deepwater installation and construction vessel that will be owned and operated by Solstad Offshore and SBM Offshore.The vessel, which will be built in China, represents a new generation of offshore construction assets designed to perform complex installation, subsea construction and heavy-duty offshore operations. With advanced mooring installation and subsea construction capabilities at its core…

Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.The figure was also well below the 10-day average of 14, with one very large gas carrier and one very large crude carrier entering the strait from the Gulf of Oman, according to shiptracker Kpler by 0657 GMT on Tuesday.While down from Sunday's tally of seven vessels of all types…

Iran has issued a warning that vessels violating its arrangements for transiting the Strait of Hormuz could face restrictions, including fines, detention, or confiscation, the Persian Gulf Strait Authority wrote in a post on X.The warning heightens risks for the charterers and shipowners whose vessels transit through the Strait of Hormuz, a key waterway for the world's energy shipments.The PGSA, a new body Iran has established with the aim of managing the strait, has said cargo owners should refer to an updated list of vessels deemed non-compliant for voyages relating to the Persian Gulf.Vesse

Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen.These will be operated by Smit Lamnalco, a Boskalis company, in Guyana, South America to support an FPSO fleet in the Stabroek Block.The newbuilds’ roles will combine towing, safety, logistics, dynamic positioning and maintenance functions, supporting large‑scale deepwater oil production.

Deployable Energy has signed a Memorandum of Understanding with Hornbeck Offshore to transform five strategic maritime and offshore markets through the utilization of Deployable Energy's Unity Nuclear Battery. Hornbeck Offshore has also made a strategic investment in Deployable Energy.The collaboration will combine Deployable Energy's transportable microreactor technology with Hornbeck Offshore's marine operating fleet expertise to develop maritime nuclear applications in inland waterways…

Corvus Energy has entered into a strategic partnership with Belga Marine to deliver specialized local support, expert aftermarket battery system services, and on-the-ground spare parts storage to efficiently meet the needs of Brazil’s expanding fleet of battery-powered offshore support vessels (OSVs).Brazil now boasts its largest-ever OSV fleet, with nearly 500 vessels currently in operation and many more anticipated in the near future. Notably, Petrobras is investing substantially in both decommissioning outdated assets and renewing the fleet…

C-Job Naval Architects and Glomar unveiled the design of a next-generation Offshore Support Vessel (OSV) that the pair claims provides a breakthrough in versatility and sustainable engineering.Purpose-built as Glomar’s first vessel of its kind, the design eliminates the need for multiple specialized ships. Engineered for peak performance across diverse offshore tasks — from subsea inspections and cable trenching to ROV operations — this vessel sets a new industry benchmark as a “Swiss Army knife” for offshore work.“This project reflects C-Job’s drive to deliver innovative…

Moby Robotics is a new entrant to the subsea swarm autonomous robotic space, created in 2025 and aiming to take a leadership role in the discovery and recovery of subsea minerals market.The race to secure critical minerals from the deep ocean has accelerated dramatically over the past two years, driven by geopolitical concerns, energy transition goals and growing demand for rare earth elements. While much of the industry's attention has centered on regulatory debates and large mining contractors…

As the market moves toward the end of the summer season in the northern hemisphere, several offshore support vessels are expected to roll off their contracts over the coming months. Shipowners are thus already positioning tonnage for the winter and next summer season. The CSOV market has remained tight over the past three months with multiple spot fixtures above EUR 60,000 per day.Throughout the season the market has also seen nine newbuilds delivered since early May, but the market has absorbed the additional tonnage without difficulty.

Seatrium Limited entered into a Letter of Intent (LOI) with Golar LNG Limited to advance a potential third Floating Liquefied Natural Gas (FLNG) conversion project to be undertaken by Seatrium for Golar.Under the arrangement, Seatrium and Golar will work together to advance technical design development and project definition activities, with the objective of finalising an Engineering, Procurement and Construction (EPC) contract in the second half of 2026. An upfront consideration…

Cadeler completed the final turbine installation at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The final turbines were installed by Wind Keeper, under its long-term contract with Vestas.Cadeler’s scope of the installation campaign was executed using two of Cadeler's offshore wind installation vessels. Wind Orca commenced the project in April 2025 before Wind Keeper took over the remaining installation scope in the first quarter of 2026 under Cadeler's long-term contract with Vestas announced last year.

A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields, where subsea pipelines are not a practical or economically viable option.Production platforms or floating units are increasingly located in deepwater areas prone to challenging weather and hydrological conditions…

Offshore wind installation contractor and operator Cadeler has acquired Menck, a global provider of specialist equipment and technology solutions for offshore foundation installation based in Germany.The acquisition strengthens Cadeler’s offshore wind installation capabilities. Cadeler intends to continue operating Menck as a standalone business, preserving its independent market position while strengthening its role as a key supply chain provider across the offshore wind industry.Combining…

Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031.The new T-class series vessels have been engineered to be the largest and most capable vessels ever introduced to this market. They are designed to tackle increasingly complex projects with greater efficiency, versatility and performance.Earlier this year, Cadeler secured the…

DOF has been awarded firm contracts with a combined duration of 150 days for two of its AHTS vessels in the CARICOM region (Caribbean). DOF will also provide ROV services for the engagement.The two vessels will commence transit to the region shortly. The combined value of the contracts is “significant”, which DOF defines as contracts with value between $15 and $25 million.

China-based offshore wind foundations manufacturer Dajin Heavy Industry has delivered KING TWO, the second 40,000 DWT heavy deck carrier in its self-developed and self-built KING series.The delivery represents a step in expanding the company's offshore vessel-building capabilities, marking the transition of the vessel class into standardized batch construction following the commercial deployment of KING ONE.KING TWO has an overall length of 239.8 meters, a beam of 51 meters, a 12…

SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf, including a major upgrade of the well stimulation vessel MV Island Captain.The agreement provides dedicated stimulation capacity to support the development of tight offshore reservoirs and help maximize recovery from future wells.As part of the contract, MV Island Captain will be converted into a fully proppant-capable stimulation vessel.Planned upgrades include expanded proppant storage…

Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz, as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules.Brent crude futures LCOc1 were up 85 cents, or 1.03%, at $83.34 a barrel by 0634 GMT. U.S. West Texas Intermediate futures CLc1 rose 52 cents, or 0.67%, to $77.81.Oil futures settled up more than $3 a barrel on Thursday as Iran reviewed a bill to ban U.S.