Maritime Industry Briefing: Activist Investor Targets MOL, US Opposes IMO Net-Zero Framework, Iran Retaliates After Gas Field Attack

## Activist Investor Targets Japan's Largest Shipowner MOL According to Splash247, the share price of Mitsui OSK Lines (MOL), Japan's largest shipowner, jumped 11% to a record high after the American activist investment firm Elliott Investment Management disclosed a significant stake in the Tokyo-based company. Elliott, known for its history of investing in Japan, stated that it believes MOL is undervalued. ## US Moves to Kill IMO's 'Flawed' Net-Zero Framework The same publication reports that the Trump administration in the US has moved to torpedo the International Maritime Organization's (IMO) Net-Zero Framework, which was approved in principle at MEPC 83 in April 2025 but faced a one-year delay in its implementation. The US has argued that the framework is 'flawed' and is seeking to kill it off entirely. ## Iran Retaliates for Attack on South Pars Gas Field Splash247 also covered Iran's retaliation for an attack on its South Pars offshore gas field, reporting that the country has threatened to strike five energy facilities in the Gulf region, including the SAMREF refinery and the Jubail petrochemical complex in Saudi Arabia. This comes after Iran accused Israel of carrying out the initial attack on the South Pars field. ## Other Notable Stories - Hanwha, a Korean industrial group, has acquired a stake in the Pennavel floating wind farm project off the coast of Brittany, France. - The Shipping Corporation of India (SCI) has ordered a methanol dual-fuel platform supply vessel (PSV), representing a strategic step in the company's fleet modernization and commitment to sustainability.