Orange Marine Commissions Two Vard 9-03 Cable Repair Ships, Fleet Grows to Four
Orange Marine orders two Vard 9-03 cable repair vessels, doubling its fleet to four units to maintain submarine cables carrying over 95% of global data traffic.
WinGD Secures First Ammonia Two-Stroke Engine Type Approval in 2026
WinGD completes world-first ammonia-fuelled two-stroke engine type approval in 2026, advancing maritime decarbonisation goals with zero-emission technology.
Baleària Posts €801M Revenue in 2025 with Record €170M EBITDA, Expands European Ferry Network
Baleària reports €801M revenue in 2025, up 16%, with record €170M EBITDA and 6.5M passengers. Key growth in North African routes drives sustainability with 15% CO2 cut per passenger.
RXO’s Middle Mile Service Targets 30% Fewer Port Delays, 15% Cost Savings
RXO launches Middle Mile Solutions to integrate maritime and land logistics, targeting 30% fewer port delays and 15% cost savings for operators in congested terminals.
South Korea targets US shipbuilding with $550B investment to dodge tariffs
South Korea plans US shipbuilding investments under a $550B framework to avoid tariffs and access protected markets, following Japan’s lead.
Maritime Freight Leaks Erode 15% of Shareholder Value
Supply chain inefficiencies in maritime logistics erode up to 15% of shareholder value, with annual contracts often missing market volatility, highlighting the need for digital tools like Xeneta.
Almería Port Auctions Historic Lighthouse for €2.67M to Fund Expansion
Port Authority of Almería auctions Garrucha Lighthouse for €2.67M, funding port modernisation to boost maritime traffic. Auction deadline April 8, 2024.
Minke Marine Secures ClassNK AiP for Fuel-Saving Air Lubrication System
US firm Minke Marine secures second class approval from ClassNK for air lubrication system after DNV AiP, with sea trials showing fuel savings of 5-15% based on industry standards.
Baleària’s 2000-Passenger Ferry Idle in Dènia Since February 2024
Baleària’s ferry ‘Rosalind Franklin’ with 2000 passenger capacity has been idle in Dènia since Feb 2024, highlighting Mediterranean traffic shifts and fleet strategies.
Strait of Hormuz Closure and Baltic Cable Disruption Spike Brent Crude by 10%
Recent maritime incidents including Iran’s Strait of Hormuz closure, Baltic cable disruption, and sanction-evading tanker drive Brent crude up 10%, exposing energy flow fragility.