As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International
The Federal Maritime Commission is upping its scrutiny of the three alliances that dominate global container shipping The alliances (2M, OCEAN, and THE) and each of their member companies will now be
A.P. Moller – Maersk (Maersk)may no longer be quite the world’s largest operator of containerships, but it continues to be a money machine, reporting record results for first quarter 2022 across all
Norwegian chemical tanker operator Odfjell SE has appointed Harald Fotland as its new CEO. Fotland, who is currently Odfjell’s COO, will assume his new role on May 6, 2022. He succeeds Kristian
President Joe Biden today issued a proclamation prohibiting the entry of Russian-affiliated ships into U.S. ports. The proclamation defines “Russian-affiliated ships” as: vessels of Russian registry (i.e., the vessel is Russian flagged);
Columbia Shipmanagement (CSM), together with its owning company and its clients, have raised over $1.5 million and assembled a team of 320 psychologists, mostly from Ukraine, to aid traumatized families of seafarers
By Stéphanie Lesage, General Counsel and Corporate Secretary, Airseas There is a growing consensus that immediate action is needed to decarbonize shipping, but much of the debate remains focused on alternative fuels
Athens-headquartered Danaos Corporation (NYSE: DAC) reports that it has placed orders for four 7,200 TEU containerships. The vessels will be built at Daehan Shipbuilding in Korea and are expected to be delivered
The planned merger between tanker giants Euronav and Frontline might not go quite as easily as its architects might wish. Euronav’s largest shareholder, the Saverys family’s Compagnie Maritime Belge (CMB) is opposed
A tanker mega merger is in the works. Frontline Ltd, (NYSE: FRO) and Euronav (NYSE: EURN) have signed a term sheet agreeing a potential stock-for-stock combination of the two companies. Based on
