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
U.S. Coast Guard 5th District reports that an initial attempt to refloat the grounded containership Ever Forward will be made Tuesday, March 29, at noon. The attempt is being made by the
As of late, the nation’s focus has been drawn to freight logistics and containerized shipping. Dewey Bartlett Jr., chairman of the City of Tulsa-Rogers County Port Authority, says that attention is a
Yesterday, the St. Lawrence Seaway Management Corporation (SLSMC) marked the opening of the Seaway’s 64th navigation season. The Canada Steamship Lines’ Trillium Class bulk carrier CSL Welland was the first ship to