Iraq exported nearly 533 million barrels of crude oil in the first nine months of 2026, an average 1.9 million barrels per day (bpd), according to a local think tank. The exports fetched OPEC’s second largest oil producer around $37 billion during that period, Eco...

Read More

ABS has issued approval in principle (AIP) to Hanwha Ocean for a standardized floating liquefied natural gas (FLNG) design. By adopting a platform-based FLNG design that can be applied across multiple projects, Hanwha Ocean aims to shorten initial engineering and...

Read More

ClassNK held the environmental seminar ‘Latest Trends and Practical Operation of Wind-Assisted Propulsion Systems’ (the ‘Seminar’) on October 23, sponsored by Kawasaki Kisen Kaisha, Ltd. (“K” LINE), Mitsui O.S.K. Lines, Ltd. (MOL), MOL Techno-Trade, Ltd. and Nippon...

Read More

In April 2025, governments at the International Maritime Organization (IMO) agreed on a historic global regulation, the Net-Zero Framework (NZF). It was designed to set global shipping on a course to net-zero by 2050 in a just and equitable way. Global shipping is...

Read More

On October 19, IRGC spokesman Hossein Mohebbi told a ceremony in Tehran that seven major internet cables run beneath the Strait of Hormuz, warning that new targets and weapons would soon be revealed. He added that Iran’s response would be significantly harsher this...

Read More