Suppliers in South Korea are already shifting to the use of MFMs, and barge fees are likely to rise in the country as a result, a local source tells Ship & Bunker.
Carbon capture's profitability under the IMO 2028 deal will depend upon the system used and how the carbon is disposed of, a Value Maritime representative tells Ship & Bunker.
The move could significantly dent Houthi capabilities, as the group may lose vital Iranian naval support just as US forces intensify operations in the region.
