
IMOclimate
5.9K posts

IMOclimate
@IMOclimate
A network of journalists tracking progress on UN and EU climate deals for the international shipping sector, one knot at a time. NOT affiliated with @IMOHQ.






After production at Qatar's massive 77 mtpa LNG facility ended, Shell plc declared a force majeure on LNG cargoes related to QatarEnergy. When the largest LNG trader in the world delays deliveries, it becomes a market issue rather than a business issue. This is where geopolitics has a significant commercial impact on the shipping and energy markets. If the shutdown continues into April, supply planning, charter rates, and tanker schedules may all change. Global power markets, shipping lanes, and terminals can all be affected by a single disruption at the source. The timing of LNG trade is essential and the clock is currently unreliable.










Accounting for Ocean Damage Nearly Doubles the Cost of Climate Change “For a long time, climate economics treated the ocean values as if it were worth zero. This is a first step toward finally acknowledging how wrong that was.” insideclimatenews.org/news/15012026/…












The global container shipping industry association WSC has urged governments to adopt the IMO Net Zero Framework, that they agreed in April US threats and bluster get headlines, but seems a quiet majority of countries at IMO are happy to shrug them off tradewindsnews.com/opinion/imo-s-…





