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.
US Submarine Torpedoes Iranian Battleship: First Attack Since WWII, 87 Dead
US submarine torpedoes Iranian battleship in Indian Ocean: first such attack since WWII with 87 fatalities, highlighting renewed naval tensions and submarine training practices.
HD Korea Shipbuilding Wins $198M Order for Aframax Tankers
HD Korea Shipbuilding signs $198M contract for two 157,000 DWT crude tankers, delivery by May 2029. Analysis of maritime market implications.
Baltic Dry Index Drops 6% to 2,010 Points Amid Middle East Tensions
Baltic Dry Index falls 6% to 2,010 points, lowest since February, due to Middle East shipping disruptions. Analysis covers freight rate impacts and global trade implications.
Spanish Shipowners Demand EU ETS Funds for Fleet Decarbonisation
Over 650 maritime professionals at Valencia congress call for EU ETS funds to support shipping decarbonisation, with costs up to 200 euros/tonne CO2 and alternative fuel premiums over 100%.
RCN Barcelona Secures 15 Titles and Honour Distinction in 2024-2025 Sailing Season
RCN Barcelona won 5 Catalan and 7 Spanish championships, plus 4 international podiums and an honour distinction for Joaquim Barenys in the 2024-2025 sailing season.
USCIT Mandates IEEPA Tariff Refunds: Maritime Trade and Logistics Shifts
USCIT orders IEEPA tariff refunds for all registered importers, potentially reducing maritime logistics costs and shifting trade flows in the short term.
Canada Orders Up to 12 Conventional Submarines to Replace Troubled Fleet
Canada’s CPSP project plans to acquire up to 12 conventional submarines, replacing the problematic Victoria-class with an estimated 10+ billion CAD investment for Arctic security enhancement.