This week on UnDocked, Nick and Raal examine escalating risks to shipping in the Gulf, the market forces driving record tanker rates, and the tension between profit and seafarer safety. They also pay tribute to industry leader David Dearsley, the first Secretary General of the International Maritime Employers’ Council and his legacy of transforming seafarer rights, welfare and as a key architect of the Maritime Labour Convention. The launch of the Korean Registry’s new software hub sparks a discussion class societies entering the software race. The duo discuss a new maritime venture investment fund with a timely purpose and wind up asking whether anti-acid tablets for the ocean is a geo-engineering step too far.

Chapters

00:00 – Opening and the week in maritime

Conflict around the Gulf intensifies, with merchant ships hit and security risks rising.

02:00 – Crew mobility disruption

Flight disruptions and soaring travel costs complicate crew changes across Middle East hubs.

04:00 – Seafarers’ perspective in the news

Connectivity at sea is allowing seafarers to share frontline experiences during crises.

07:00 – Tanker markets surge

VLCC rates spike dramatically as geopolitical risk and supply constraints collide.

12:00 – The economics of tanker deployment

Why shipping supply is relatively fixed and how positioning vessels affects the market.

15:00 – Tribute: David Dearsley

Remembering the architect of key global seafarer welfare frameworks and the Maritime Labour Convention.

30:00 – Class societies enter the software race

The Korean Registry launches a new software hub, signalling deeper digital competition.

43:00 – Maritime venture capital

Mare Liberum’s new fund backs technologies supporting free trade and maritime security.

53:00 – Climate experiments at sea

Geoengineering ideas, ballast water lessons, and the unintended consequences of regulation.

57:30 – Wrap-up

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In this episode, Nick Chubb and Raal Harris dig into the findings of a new Thetius research report commissioned by Marcura, which shows that while 81% of maritime organisations are piloting AI, only 11% have policies in place, and just 23% are training their people. They debate whether AI deserves its own strategy or should simply sit inside a broader technology plan, with Nick introducing the Thetius ADAPT framework as a way for leaders to cut through the hype and move beyond “pilot purgatory.”

They then turn to OrbitMI’s back-to-back acquisitions of Auqub and Galeforce, exploring why pairing agentic AI software with a traditional weather routing advisory business could be a smart hybrid play. The discussion unpacks how human expertise and automated platforms can coexist, and why trust and verification matter more in AI-driven systems than in traditional SaaS.

A major cyberattack on Iran’s shipping industry prompts a conversation on satcom vulnerabilities, IT/OT segregation, and why drills and resilience testing need to become the norm. From there, Nick and Raal dive into the human side of maritime, discussing seafarer isolation in the digital age, the double-edged sword of connectivity, and the undervalued role of emotional intelligence in crew management and leadership.

Looking ahead to London International Shipping Week, they share what’s on their agendas — from the Thetius Top 150 launch to panels on digitalisation, AI, and decarbonisation. They also highlight Marine Media Enterprises’ new Donate & Train initiative, blending e-learning with charitable giving.

To wrap up, a light-hearted debate over Elon Musk’s latest venture — “Macro Hard,” an AI-driven challenger to Microsoft — sparks reflections on branding, competition, and whether the tech billionaire can really pull it off.

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In this episode, Raal and Nick turn to a sobering ITF report showing seafarer and vessel abandonment at its worst-ever levels. They unpack what abandonment actually means in practice, why Indian seafarers are disproportionately affected, and how ownership structures, sanctions, and flags of convenience leave crews with little protection or recourse.

From there, the discussion broadens to transparency, data, and trust: why individual seafarers struggle to assess operator risk, how fragmented information limits accountability, and why even well-intentioned standards struggle to reach those most exposed. The conversation then pivots to the International Standards Organisation, illustrating how conformance standards quietly underpin global trade, from containers and currencies to unexpected examples like tea preparation.

The episode closes with a pragmatic look at modern shipping realities: USB sticks still moving critical vessel data, the absence of shared operational standards, and practical advice on navigating the 2026 maritime events calendar, including how to minimise chance, maximise learning, and extract real value from industry gatherings.

• 01:45 ITF data and the scale of seafarer abandonment
• 14:50 Flags of convenience and structural incentives
• 20:59 Why standards matter in global trade
• 26:18 ISO standards, from containers to tea
• 39:12 USB sticks, bay plans, and broken data exchange
• 43:00 Maritime events calendar for 2026

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In this episode, Nick Chubb and Raal Harris are joined by Laurence Odfjell, Chairman of Odfjell SE, for a wide-ranging conversation on leadership, decarbonisation, and what it really takes to drive change in shipping.

Laurence reflects on his journey from architect and winemaker to shipowner, sharing how design thinking, pragmatism, and a deep respect for nature have shaped both his leadership style and Odfjell’s approach to sustainability. The discussion unpacks how a company founded in 1914 became one of the world’s leading chemical tanker operators — and how a culture of innovation and shared values continues to underpin its progress today.

The conversation turns to climate action and regulatory uncertainty following the recent deferral of the IMO’s Net Zero framework. Laurence shares his frustration with the postponement but argues that progress must continue regardless, underpinned by three principles: well-to-wake thinking, efficiency first, and fuel flexibility. He highlights Odfjell’s remarkable 54% reduction in carbon intensity since 2008 — achieved through operational discipline and smart investment rather than sacrifice.

They also explore the company’s near net-zero voyage of the Bow Olympus, a chemical tanker fitted with suction sails and powered by certified B100 biofuel. The voyage proved both the technical and economic viability of running ships on sustainable fuel, achieving near-zero emissions at just a 15% cost premium. Laurence credits the initiative to the company’s collaborative culture and a “common bottom line” where those making operational decisions are also accountable for the financial outcomes.

From there, the discussion moves into AI and innovation, as Laurence explains how artificial intelligence is already optimising weather routing and operational planning. He offers advice for maritime tech innovators: identify real problems, quantify the benefit, and build trust through data.

Finally, the conversation broadens to diversity, inclusion, and leadership. Laurence shares how Odfjell is actively recruiting women to sea to strengthen its future talent pipeline, and why diversity of gender, age, and thought is not just a moral imperative but a business advantage. His closing message to the industry is simple: act now with the tools we already have, because every year of delay costs more than we realise.

Episode Partner: OrbitMI

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In this episode, Nick Chubb and Raal Harris open with breaking news: SpaceX has spent $17 billion acquiring spectrum to power its next-generation Starlink direct-to-cell service. They explore what this means for mobile connectivity at sea, the race to eliminate dead zones, and why direct-to-handset satellite services could reshape how crews stay connected.

From there, they dive into a legal shocker — a WhatsApp exchange that ended up forming a binding contract worth £248,000. The conversation unpacks how chat messages and even emojis can be legally enforceable, raising major risks for broking, crewing, and commercial negotiations that increasingly happen off-email.

The focus then shifts to Pemira’s minority investment in Rightship. Nick and Raal examine why private equity interest in maritime is rarely just about capital, and what Pemira’s technology and M&A expertise could mean for consolidation in vessel quality and chartering intelligence. They also discuss Rightship’s new Fleet Focus product, which uses AI to turn port state control and inspection data into actionable insights for owners and operators.

The discussion expands into maritime training, benchmarking, and the challenge of proving ROI. They highlight how AI can ease the heavy lift of analysing inspection data, why experiential learning often goes uncaptured, and what competency management can reveal about operator quality.

Nick then pitches three “Alpha School-inspired” business ideas for maritime: personalised onboarding bots for new crew, a compressed “one-hour Blue MBA,” and tools to capture retiring seafarers’ expertise before it walks out the door. Raal weighs the pros and cons of each, sparking a lively debate on knowledge drain, learning culture, and experiential risk management.

Finally, they reflect on London International Shipping Week, reveal their decision to continue Undocked beyond the first 12 episodes, and remind listeners to clear their “debt” by subscribing, rating, and reviewing the show.

Nick and Raal sit down with Mikael Skov, CEO of Hafnia and one of the most influential individuals in modern tanker shipping. Mikael outlines Hafnia’s evolution into one of the world’s largest product tanker operators, grounded in spot market exposure and global trading. He reflects on entering shipping by chance, why it quickly becomes a lifestyle, and how cycles hardwire behaviour, risk tolerance, and leadership mindset.

The conversation moves to Hafnia’s post–financial crisis founding, the non-negotiable importance of assembling a credible team early, and what changes when you build alongside professional investors.

Attention turns to growth, consolidation, and recent strategic moves, including the TORM stake, and counter-cyclical fleet investments. Skov discusses energy transition pragmatically, emphasising alignment with cargo owners, longer-term contracts, and learning through initiatives like Seascale Energy.

The episode closes with leadership and responsibility: managing volatility without paralysis, creating space for innovation inside large organisations, confronting the systemic risks of the dark fleet, and defending international regulation as the least-worst framework available in a fractured geopolitical world.

A rare conversation with one of shipping’s most consequential operators who has built scale through cycles, stayed disciplined when others chased narratives, and is clear-eyed about what actually works in shipping.

Chapters

• 02:21 Entering shipping and why it becomes a lifestyle

• 06:13 Cyclicality, spot markets, and competitive advantage

• 07:56 Founding Hafnia after TORM

• 09:31 Building a credible founding team for investors

• 13:36 Timing the cycle and learning capital discipline

• 20:47 Pooling, partnerships, and commercial scale

• 31:03 Culture, governance, and growing a global organisation

• 37:40 Buying ships at the bottom of the cycle

• 41:12 TORM stake and consolidation logic

• 44:06 Energy transition strategy and client alignment

• 57:07 Long-term thinking versus quarterly markets

• 1:01:38 Volatility, fleet age, and future supply

In this episode, Nick Chubb and Raal Harris return from CrewConnect Global in Manila, reflecting on the strange, dreamlike week of long-haul travel, jet lag, and big maritime conversations. Nick opens with a gripe: the rising narrative that Gen Z has no attention span and needs TikTok-style micro-training. They challenge the myth, arguing it’s patronising, inaccurate, and dangerous for a safety-critical industry, especially when young seafarers are delivering some of the most impressive, high-quality presentations in the sector, including a standout IMEC cadet-led cyber-risk session.

The conversation shifts to seafarer representation in corporate leadership, sparked by Splash’s new Seafarers Report. Nick and Raal explore ideas like putting active seafarers on company boards, sending executives to sea annually, and building more authentic two-way engagement. They share examples from across the industry, including Bjorn Højgaard’s recent time onboard and BSM’s mixed-seniority innovation retreats, as well as reflections on culture, transparency, and why long voyages reveal the “real” shipboard experience more than CEO photo-ops.

They then discuss the OSM Thome merger, Tommy Olofsen’s new leadership role, and the growing shift among PE-backed ship managers toward diversified service portfolios as technical management alone reaches its scaling limits.

Finally, Raal introduces the episode’s big idea: digital twins of people, not ships. From startups like Vivien and Expertwin to Zoom’s CEO imagining AI replicas attending meetings, they unpack the ethics, risks, and potential benefits of capturing organisational knowledge. Nick wrestles with the tension: while knowledge retention and process capture could genuinely strengthen maritime businesses, AI “clones” risk destroying autonomy, degrading decision-making, and blurring personal IP.

The pair debate creativity vs. infinite-game decision-making, authenticity, AI-generated “likeness marketplaces,” and the slippery slope between helpful augmentation and Black Mirror-style identity capture.

Episiode Partner

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In this episode, Nick Chubb and Raal Harris start with a rain-soaked trip to see the Galleon Andalucía before diving into a major announcement from ABB and Wallenius Marine. Their new “Oversea” fleet optimisation service prompts a discussion on the rise of shore-based digital control rooms, the balance between master’s authority and shore-side decision support, and whether responsibility without empowerment risks pushing seafarers to burnout.

The conversation then shifts to the high costs of maritime data collection and why so many companies are “drowning in data but starved of insight.” From Microsoft’s quiet removal of enterprise volume discounts to the dangers of software renewal inertia, they highlight lessons for both buyers and vendors on pricing models, procurement strategy, and avoiding hidden cost drags.

Ammonia takes centre stage with Japan delivering the world’s first commercial dual-fuel ammonia engine. Nick and Raal explore the Just Transition Task Force’s work on global training standards, the urgent need to prepare crews, and how simulation technology, from full bridge setups to cloud-based VR like Kilo Solutions’ VASCO, is reshaping maritime learning. They debate the slow pace of STCW reform, the role of class and flag, and why outcome-focused training matters more than classroom hours.

To wrap up, they touch on ChatGPT’s new $300k+ content strategist role, sparking reflections on why human creativity remains vital even in an AI-driven age. They also tease upcoming guest interviews that will soon join the Undocked feed.