Baleària tows 102m trimaran for major overhaul ahead of 2025 summer service
Baleària tows 102m trimaran ‘Pepita Castellví’ to Algeciras for overhaul, set to serve 1,165 passengers and 254 vehicles from summer 2025, enhancing Mediterranean ferry capacity.
Strait of Hormuz traffic collapses to 3 daily crossings in March 2026
On 7 March 2026, Strait of Hormuz traffic dropped to 3 crossings due to war risks and insurance collapse, redirecting vessels to Bab el-Mandeb and Suez Canal.
Iran War Sends Oil to $91, Paralyzing Key Global Shipping Lanes
Oil prices surge to $91 per barrel amid Iran conflict, disrupting global shipping and raising bunker fuel costs by over 50% in high-risk zones.