Hormuz Strait Controlled: 12 Daily Transits, 50+ Ships Stranded
Iran limits Strait of Hormuz to 12 daily transits, stranding 50+ container ships. Crude exports stable at 160M barrels, 90% to China. Oman becomes key hub.
South Korean Shipbuilding Order Book Stable as War Speeds Contracts
South Korean shipbuilders maintain stable order books and accelerate contracts despite a month-long war, driven by demand for LNG carriers and green technology investments.
Interyards appointed exclusive rep for TNG shipyard in Veracruz
Interyards becomes sole agent for Hutchison Ports TNG shipyard in Veracruz, centralising naval repair services in the Gulf of Mexico to enhance operational efficiency.
Baleària and DFDS to Acquire Armas Trasmediterránea Routes Pending CNMC Approval
CNMC to decide on sale of Armas Trasmediterránea to Baleària and DFDS, splitting key ferry routes in Spain, with Alborán route delayed.
LR2 Tankers in Dirty Trade Hit Record After Hormuz Closure
LR2 tankers shift to dirty cargo at record levels from October 2025, driven by Strait of Hormuz closure, raising maintenance costs by 20-30%.
Lost 52 uncovers four WWII wrecks at 3.8 km with underwater robotics
Lost 52 Project discovers four WWII wrecks at depths up to 3.8 km in the Sea of Japan using AUV and SAS sonar, advancing maritime archaeology and honouring 243 sailors.
2026 Maritime Reset: Freight Rates to Drop 10-20% After Red Sea Crisis Adaptation
In 2026, maritime freight rates are set to stabilise 10-20% below peaks as industry adapts to Red Sea disruptions with longer Cape of Good Hope routes.
Los Angeles BECAP Summit 3rd: 15 Institutions Train Blue Economy Workforce
Los Angeles launches 3rd BECAP summit with 15 institutions to develop blue economy workforce, supporting maritime sustainability and climate action.
Russia escalates grey-zone maritime tactics in Baltic Sea from 2022, NATO reports
NATO reports Russia’s increased grey-zone maritime activities in Baltic since 2022, boosting fuel costs by 10-15% and requiring 5-10% more in security budgets, with STCW training updates needed.
Armas Trasmediterránea Allocates 2 Million Berths for 2026 Gibraltar Strait Summer Operation
Armas Trasmediterránea sets nearly 2 million berths for the 2026 Strait Crossing Operation from June to September, handling up to 3 million passengers annually in the Western Mediterranean.