In the era of carbon pricing, charterers will need clear visibility of emissions performance to be able to successfully meet contractual responsibilities, writes Richard Bjercke, Commercial Director at Yara Marine Technologies.
South Korea’s HMM is the latest container line to say it is rerouting all vessels from the Red Sea due attacks on shipping by Yemeni Houthi militia.
The US is launching a multi-national security initiative – Operation Prosperity Guardian – to protect shipping in the Red Sea and the Gulf of Aden from attacks by Houthi militia.
As Houthi militia in Yemen step up attacks on shipping in the Red Sea the International Chamber of Shipping (ICS) and the World Shipping Council (WSC) have called for urgent action.