The World Shipping Council (WSC) is the latest organisation to put forward a Greenhouse Gas (GHG) pricing proposal to the International Maritime Organization (IMO) although it expects elements of different proposals to form a final agreed structure.

DNV Maritime CEO Knut Ørbeck-Nilssen did not mince his words as he set the scene at the opening of the DNV Maritime Energy Summit on 8 February.

The beginning of January this year heralded the start of the EU Emissions Trading Scheme (ETS) and to comply companies face a series of deadlines between now and 2025.

A European Commission proposal would give shipping priority access to low- and zero-emissions fuels to help meet the bloc's decarbonisation targets.

The world’s third largest container line CMA CGM has stopped transiting the Red Sea and is rerouting via the Cape of Good Hope to avoid the threat of Houthi attacks.

US and UK forces carried out a further series of strikes at the weekend on Houthi targets in Yemen being used to attack commercial shipping the Red Sea.

US military say that two missiles fired by Houthi rebels at the container ship Koi on 1 February failed to reach their target.

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.