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The LNG market softened this week, despite an increase in spot, multi-month and longer-term requirements entering the market. While activity picked up compared to recent weeks, vessel availability continues to outweigh cargo demand, keeping pressure on freight rates across both basins. On the BLNG1 Australia–Japan route, rates declined by $2,300 week-on-week to settle at $34,600/day. …

LNG Shipping Market Softer, But LPGs On the Rise Again Read More »

The International Maritime Organization (IMO) has adopted new guidance aimed at ensuring marine geoengineering research avoids unacceptable impacts, amid growing interest in climate change mitigation technologies. Marine geoengineering involves methods to increase the ocean’s capacity to absorb carbon dioxide from the atmosphere or store carbon for long periods. However, their potential impacts on marine ecosystems …

IMO adopts frameworks to assess marine geoengineering research activities Read More »

A Tanker Is Struck Off Qatar as Gulf Attacks Surge An unnamed tanker was struck by multiple projectiles 51 nautical miles off Madinat ash Shamal, Qatar, according to an October 7 report from UK Maritime Trade Operations. UKMTO has reported 16 attacks on ships in the Middle East Gulf in the past 10 days, and …

Tanker Attacks Spread Beyond the Strait of Hormuz as Gulf Freight Costs Soar Read More »

One of my highlights from our recent Singapore Summit was moderating a client panel on how collaboration and connectivity across teams and systems are making a difference in shipping. On stage with me were three esteemed leaders from different corners of the industry: • Michelle Gonzalez, Senior General Manager of Shipping Business and Operations at …

Stop Asking Which Number Is Right: Collaboration Lessons from Vale, PT Chandra, and AET Read More »

As Klaveness entered its eighth decade, the direction set during the previous period began to take shape. The combination carrier business prepared to enter new markets, digital initiatives moved closer to customers, and the foundations of the Klaveness business we know today was beginning to emerge. Over the next ten years, many of these initiatives …

Torvald Klaveness 2016–2026: Digitalization, decarbonization and re-definition Read More »