ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export activities.The acquisition comprises five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs).
Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France
For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints, rising electricity demand and water scarcity are making floating nuclear power a more serious proposition for policymakers, utilities
Australian mining company Fortescue has signed an agreement with Belgian shipping and cleantech group CMB.TECH to charter up to 12 ammonia-capable bulk carriers, stepping up efforts to decarbonize maritime transport and support the development of green ammonia as a marine fuel.Under the agreement, Fortescue will charter 12 Newcastlemax dry bulk vessels, each with a carrying capacity of 210
Since the Iranian Revolution and overthrow of Shah Mohammad Reza Pahlavi in 1979, the Strait of Hormuz has been a geographic constant as a choke point for which closure has been threatened from time to time but never truly closed. The longstanding assumption of the continued openness of the strait collapsed on February 28, 2026.
This year’s IMO International Day for Women in Maritime (May 18) focuses on embedding gender equality at every level of the maritime industry, both on shore and at sea.Under the theme “From Policy to Practice: Advancing Gender Equality for Maritime Excellence”, the day highlights actions to translate international ambitions and commitments into tangible actions that will make a difference in the
A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.
Bahrain has put forward a draft U.N. Security Council resolution that would authorise countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.Diplomats said the draft text was backed by other Gulf Arab states and the United States
Hafnia has taken delivery of the ECOMAR GIRONDE, the final vessel in its four-ship ECOMAR dual-fuel methanol newbuilding program developed in joint venture with France’s Socatra, completing the newbuilding series.Built at Guangzhou Shipyard International in China, ECOMAR GIRONDE is a 49,800-deadweight dual-fuel, methanol-capable Chemical IMO II medium-range tanker.
Kawasaki Heavy Industries and Japan Suiso Energy have signed a contract to build the world’s largest liquefied hydrogen carrier, marking a step toward the commercialization of an international hydrogen supply chain.The vessel will have a cargo capacity of about 40,000 cubic meters and will be built at Kawasaki Heavy Industries’ Sakaide Works in Kagawa Prefecture.
Japan will conduct test mining of rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, from January 11 to February 14, the head of the government-backed project said.The operation will mark the world's first attempt to continuously lift rare-earth mud from a depth of around 6,000 meters on to a vessel.
Four men, including the chief officer of an international livestock carrier, have been charged over their alleged roles in an organised crime plot to import more than 525kg of cocaine into Australia, after packages of the drug were found floating in the ocean off Western Australia.