Red Sea Crisis Adds 10-14 Days to Transit, Surges Global Logistics Costs
Houthi attacks force ships to reroute via Cape of Good Hope, adding 10-14 days transit and 3,000+ nautical miles. Fuel costs surge by 1,000 tonnes for Panamax ships, raising logistics costs.
GNV deploys Altair ferry on Barcelona-Ibiza route with 2,700 passenger capacity
GNV launches the GNV Altair on the Barcelona-Ibiza route from 13 December, with capacity for 2,700 passengers and 820 vehicles, intensifying Mediterranean ferry competition.
Singapore’s Invincible-Class Submarine Illustrious Arrives, Boosting Fleet with Three More
Singapore’s RSN receives Invincible-class submarine Illustrious, enhancing surveillance in the Strait of Malacca where 40% of global trade transits, with three more vessels planned.