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Offshore Service Vessels: A Measured Market Recovery
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. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For now…
Maersk Offshore Names New WTIV Ahead of US Offshore Wind Deployment
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, where its godmother, Charlotte Nørkjær Larsen, formally named the ship by smashing a bottle of champagne against the main crane pedestal.Delivered by Seatrium…
Seadrill Appoints New CEO
Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO).Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson.Ali has served as Executive Vice President, Chief Commercial Officer of the company since August 2022. Prior to joining Seadrill, Ali was with Diamond Offshore…
GTT Receives Tank Order from HD KSOE
GTT has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of a new liquefied natural gas carrier.The vessel will be built by the shipyard HD Hyundai Samho on behalf of the shipowner Sonangol. The vessel’s cryogenic tanks, with a total capacity of 174,000 m³, will be fitted with GTT’s Mark III Flex membrane containment system.Delivery of the vessel is scheduled for the second quarter of 2028.
Bernhard Schulte Offshore Takes Delivery of New CSOV
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, BSO, following completion.The Windea Carnot is the third of three sister ships built at Ulstein that BSO has integrated into its modern offshore fleet since the middle of last year.
Breakthrough Technology Unveiled at Oceanology International
Major industry announcements and new product launches continued to drive significant visitor numbers and plentiful business activity as Oceanology International 2026 (Oi26) surpassed expectations on the second day at Excel London.Among the companies taking center stage, expanding platform OceanSight used Oi to unveil its new collection of ocean technology brands built to advance marine sensing and subsea intelligence…
Gulf of Mexico Auction Yields Far Fewer Bids Than First Trump Sale
The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale document posted on a government website on Tuesday.The sale comes as a U.S. war with Iran has disrupted global crude flows and sent oil prices to four-year highs.Of the 15,000 blocks offered by the U.S. Bureau of Ocean Energy Management, 25 received bids, according to the document of presale statistics.
ABS Publishes New Technical Standard for Subsea Power Cables
Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables.Subsea power cable design, installation and operation pose unique challenges due to harsh marine environments, significant water depths and extended cable lengths. The new ABS standard provides a comprehensive set of requirements and specifications to help the offshore industry mitigate risk…
Jan De Nul Selects Ulstein Design for New Trenching Vessel
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 vessel platform adapted to support large-scale trenching operations.Subsea trenching involves creating protective channels on the seabed to bury pipelines, power…
N-Sea Expands Fleet with Offshore Support Vessel Newbuild
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 is underway following a keel-laying ceremony held in the final week of February. Delivery of the vessel is scheduled for April 2027.The vessel will measure about 69.85 meters in length with a beam of 15.77 meters and a draught of 4.5 meters.
US Undiscovered Offshore Reserves Could Maintain Supply for 100 Years
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U.S. Outer Continental Shelf (OCS).The National Assessment, published every five years, represents BOEM's current understanding of the…
OSV Market: Asia Pacific Downshifts for the Long Haul
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.Compared to 2024, the composite dayrates, calculated as a weighted average across size categories, declined by approximately 16% for PSVs and 14% for AHTS vessels.
Caspian Sea Jackup Market: Locked-In Supply Shapes Utilization and Dayrates
Unlike larger jackup regions where scale provides greater flexibility, relatively minor changes in supply can have an outsized impact. The availability, reactivation, or retirement of a single rig can materially shift utilisation levels, dayrate negotiations, and contracting dynamics, often with limited visibility.There are currently five jackups drilling in the region, operating across Turkmenistan, Azerbaijan, and Iran.
Nuclear Power for Commercial Vessels Central to ABS, HD Hyundai JDP
ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion System.”Under the agreement, HD KSOE and HD HSHI will develop the basic design, electrical component specifications and arrangement plans for a nuclear-powered electric propulsion system tailored for container ships.
Shipowners to Lead Maritime Transformation Talks at APM 2026
The transition towards digitalisation and automation is speeding up in the maritime industry, and a comprehensive strategy is emerging to turbo-charge efficiency, safety and sustainability. Yet key questions remain about the adoption of technologies and solutions to enhance operational performance, future-proof fleets while remaining commercially competitive, and ultimately realise the zero-emission goal.
Semco Maritime, Zamakona Form Las Palmas Shipyard Alliance
Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership combines Semco Maritime’s engineering and project execution expertise with Zamakona’s shipyard infrastructure and marine services capabilities. Operations at the Las Palmas facility have already begun.The shipyard is designed to support rig owners…
MOL Enters European Offshore Wind CSOV Market
Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller Holdings, marking the Japanese company’s first entry into the European offshore wind support vessel market.The vessels are scheduled for delivery in 2027. MOL has also decided to invest in Germany-based offshore vessel developer and operator Deutsche Offshore Schifffahrt (DOS)…
Seatrium Wins FSRU Conversion Contract
Seatrium has been awarded a contract by Karpowership for the conversion of a new floating storage regasification unit (FSRU).Scheduled to commence in the third quarter of 2026, the LNG carrier Karadeniz will be converted to a high-capacity FSRU engineered to deliver a regasification capacity of up to 600 million standard cubic feet per day (mmscfd).This latest completion brings Seatrium’s FSRU conversion track record to 23 FSRU and FSU conversion projects delivered.Alvin Gan…
Clean-Up of Louisiana Oil Spill Underway
A Unified Command, consisting of the U.S. Coast Guard, the Louisiana Oil Spill Coordinator’s Office (LOSCO) and the Louisiana Offshore Oil Port (LOOP), continues its recovery and cleanup efforts after a crude oil discharge reported near the Louisiana Offshore Oil Port on February 26, 2026.The Unified Command was officially established on February 27, 2026, to manage the spill's environmental impact.
Coast Guard Announces Passing of Petty Officer Tyler Jaggers
Coast Guard Petty Officer 2nd Class Tyler Jaggers, an aviation survival technician assigned to Air Station Astoria, Oregon, passed away the evening of March 5, 2026, as a result of critical injuries suffered during the rescue of a distressed mariner from a commercial ship offshore of Oregon on February 27.As part of an MH-60 Jayhawk helicopter crew from Air Station Astoria, Jaggers was injured while responding to a medical emergency aboard the commercial motor vessel Momi Arrow…
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
“The Money Maker”: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
