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
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
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
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
A third attempt to refloat the grounded containership Ever Forward was made yesterday. It failed and the ship remains aground in Chesapeake Bay. Today, shipowner Evergreen Marine said that, “in light of