Dubai-headquartered ship agency, GAC, has entered into a partnership with Spark Commodities to support them in developing a platform that brings greater price transparency to the LNG market. Drawing on its many years of experience providing specialist support to LNG calls around the world, GAC will contribute a range of LNG shipping-related information and data.
The Spark LNG platform provides a freight index and associated tools that allow the market to better understand a critical part of the LNG value chain. Henrik Althén, Managing Director of GAC Singapore, says, “We hope to make it more convenient for operators and charterers of LNG carriers and FSRUs on the Spark platform to enjoy a full-service solution from GAC, supporting their shipping and logistics needs with a single click.”
The aim is also to ensure that the Spark platform can provide timely and accurate port costs and associated data, leveraging GAC’s global expertise.