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.
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.