Gulf Attacks Shift 63% of Traffic to Suez and Cape, Paralyzing Hormuz
Attacks in the Gulf since Feb 2026 cut Hormuz traffic by 33%, shifting 63% to Suez and Cape routes, impacting global shipping and oil exports.
GNV deploys 1986-built Golden Carrier ferry after Sealand fire to sustain Balearic routes
GNV charters 1986-built Golden Carrier ferry after Sealand fire, maintaining Balearic routes with 363 passenger capacity and 1,770 linear metres for vehicles.
Bunker Fuel Prices Soar 30% as Hormuz Strait Closure Sparks Crisis
Bunker fuel prices surge 30% to record highs as Strait of Hormuz closure disrupts supply. Scrubber spread exceeds $100 profitability threshold, impacting global shipping costs.