Odfjell names new CEO
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
Shipping
Russian ships banned from U.S. ports
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);
Ukraine crisis: Columbia acts to help traumatized seafarers and families
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
Op-Ed: Markets will reward decarbonization first movers … time for legislators to do the same
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
Danaos orders methanol ready containership quartet
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
Mega tanker merger hits Saverys family opposition
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
Tanker giants Frontline and Euronav to merge
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
Q&A: Jan-Erik Räsänen of Foreship on sustainability
Marine Log (ML): Can you begin by describing what sustainability means to Foreship, both broadly and in the context of the maritime industry? Jan-Erik Räsänen (JER): There is a direct correlation between
Baltic Exchange to U.K members: Don’t do business with Russians
A large part of the world’s ship chartering and sale & purchase business is negotiated at some stage by members of the London-based Baltic Exchange, the world’s oldest shipping market. Today, the
NTSB: Tanker engine problem led to $7.55 million hit on loading dock
In another example of an engine problem resulting in a big bill, the National Transportation Safety Board (NTSB) has issued its report on a March 15, 2021 incident in which the 115,406