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Seismographic Research Ship | Flag: Norway | Port: FOSNAVÅG
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Tanker for Chemicals | Flag: Croatia | Port: RIJEKA
Maritime News
Efficiency First: Inside Olympic Subsea’s Bet on Greener Offshore Vessels
A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism. “Naturally, there were internal discussions — some believed oil and gas was the future,” he recalled. Rather than exit the conventional market, Remøy backed a dual-track strategy centered on a simple, guiding principle: cut energy use first.
Offshore Service Vessels: Regional Bright Spots Emerge
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. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S. Rig count of 537 was down from a year earlier figure close to 600.The overall numbers for rigs deployed mirror the offshore rig counts.
Webinar: Seequent Unlocks Subsea Intelligence
Whether you're in offshore wind, grid operations, geotechnical engineering, or digital transformation, this session, in conjunction with Offshore Engineer, will offer actionable insights, live demos, and expert opinions on:Why cable heat matters — from environmental impact to dynamic ratingHow to build better ground models using connected workflows and 3D subsurface dataHow thermal analysis drives smarter decisions with predictive modeling for route design and optimizationWhy Attend?Subsea cable heating is more than a technical challenge — it’s a strategic opportunity.
Death Toll Climbs to 21 as Malaysia Searches for Missing Rohingya
Malaysian patrols searched coastal waters in the Andaman Sea on Monday for dozens of members of Myanmar's persecuted Rohingya minority, after a boat believed to be carrying them sank last week and another went missing.At least 21 bodies have been found since the vessel went down on Thursday - 12 in Malaysia and nine in neighbouring Thailand - the regional head of Malaysia's maritime agency, Romli Mustafa, told reporters.Without life jackets, it might be difficult for many to survive even 24 hours, but some could be holding on to floating objects and search operations would continue, he added."Weather conditions are not so friendly but anyhow, we're trying our level best," Romli said.
Cadeler Inks $580M Offshore Wind T&I Contracts
Danish offshore wind installation firm Cadeler has signed two firm contracts covering the full-scope transportation and installation (T&I) of offshore wind turbines and their foundations for an upcoming offshore wind farm development, with a combined value of around $580 million.The foundations T&I campaign is set to begin in early 2029 and to be executed using one of Cadeler’s newbuild A-class vessels.The contract marks the the third full-scope foundation T&I campaign for Cadeler.The turbine installation scope is scheduled to begin in early 2030 and will be carried out by one of Cadeler’s O-class jack-up vessels, with completion expected by late 2030.
