Singapore's SM Lee Hsien Loong highlighted the need to prepare for what lies ahead amidst the increasingly turbulent environment.

According to GMS' latest report, the ship recycling industry is facing challenges as OFAC sanctioned vessels remain stranded.

Terntank has named its 15,000 dwt hybrid tankers M/T Tern Land and M/T Tern Vik on 21 March at China Merchants Jinling Shipyard in Yangzhou.

On 19 March, Wison Engineering signed a FEED contract for Turkey's first biogas-to-methanol project being developed by ITC and WasteFuel.

The proposed U.S. port fees could lead to legal disputes, disrupt charter rates, impact vessel asset values, and shift global trade flows.

MOL Energia Pte. Ltd. signed on 17 March a long-term charter contracts with SCG Chemicals for two very large ethane carriers.

South Korean shipping companies are increasingly turning to Starlink, to address the social isolation of sailors.

Global energy demand grew at a faster-than-average in 2024, with increased supply of renewables and natural gas, according to IEA.

Dhow “AL-HIDAYA” that was hijacked on 16 March off Durdura, in the vicinity of Eyl, Northern coast of Puntland in Somalia has been released.

The Baltic Exchange has issued its report for the last week, 17-21 March, to provide information of the bulk market performance.