Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts.
Industry concerns have been raised that pirates in West Africa, who have seen shipping trade shifting from the Al-Mandeb strait to around the Cape, could also refocus their operations into the Gulf of Guinea.
Greece is seeking a leading role including taking command of the forthcoming EU naval mission in the Red Sea aimed at safeguarding ships from attacks by Yemen’s Iran-backed Houthi militia.
The impact of the Houthi attacks on shipping in the Red Sea have sent shockwaves throughout global shipping and these were highlighted by Mediterranean Shipping Company (MSC) at US Congress.
Houthi militia are increasingly targeting US and UK-owned vessels transiting the Red Sea with at least three ships from the two countries hit by missiles in the last two weeks, while several others have come under fire.