RECENT NEWS
KCC Second Quarter 2026 – Solid Q2 financials driven by strong markets and operations amidst geopolitical turmoil
Klaveness Combination Carriers ASA (“KCC”) reported EBITDA of USD 38.5 million and Profit after tax of USD 20.8 million for the second quarter of 2026, representing a strong improvement from the first quarter. Fleet average TCE earnings [1] increased by $4,350/day to...
Asian LNG Prices Surge to Over 3-1/2-Year High
Japan-Korea liquefied natural gas prices climbed above $23/MMBtu, reaching their highest level since January 2023, as extreme temperatures lifted power demand while disruptions in the Middle East tightened fuel supplies. Japan’s Meteorological Agency warned of...
Japan to proceed with oil shipping aid, restore national crude reserves to 90 days of net imports
A high-level policy meeting at Japan’s Ministry of Economy, Trade and Industry approved a set of steps on Aug. 24, including a framework to help reduce transportation costs for crude oil and naphtha shipments that do not transit chokepoints such as the Strait of...
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