Anti-ship ballistic missiles were fired into the Red Sea on January 2, demonstrating the continued threat to merchant shipping despite an international naval presence.
Despite a record take-up of green technologies in ships ordered in 2023, thousands of existing vessels will fall into carbon intensity indicator (CII) categories D or E, requiring owners to take action immediately or within the next three years.
Mitsui OSK Lines (MOL) is expanding its bulker fleet with the additional five new dual-fueled Capesizes which can burn either LNG or conventional marine fuel oil.
Continued attacks on commercial shipping in the Red Sea, including a missile strike on a Norwegian chemical tanker, have prompted more vessel operators to halt Suez transits or divert vessels around the African Cape.