Departing Euronav chief executive Hugo De Stoop was not “surprised” by the board’s decision to seek a new boss to take the company forward. The Belgian tanker owner’s supervisory board announced on Tuesday that the near 20-year veteran is leaving by mutual agreement with immediate effect as the John Fredriksen and Saverys shareholding groups seek a solution for its future direction. “It was certainly not a real surprise because it is very difficult for a CEO to continue to run the company when a 25%-plus shareholder no longer has trust in the CEO,” De Stoop told TradeWinds. More tanker stories
To celebrate the IMO International Day for Women in Maritime, TradeWinds mustered its network of shipping leaders who in turn passed on some of their tips for how women can reach the top in a male-dominated industry. Passion, curiosity and tenacity were among some of the common responses from our respondents, who represent a variety of companies active in many different areas of the industry around the world. More ESG stories
TradeWinds also spoke to TotalEnergies Marine Fuels’ relatively new VP Louise Tricoire on her deep dive into decarbonisation before jumping into marine bunkering. More people stories
John Fredriksen-controlled Seatankers Management has ordered up to eight kamsarmax bulker newbuildings from China. Seatankers is the third company to have ordered a large number of kamsarmax bulk carriers at Chinese shipyards of late, following Oldendorff Carriers and Shandong Shipping. One broker told TradeWinds that companies with deep pockets are trying to order newbuildings in big numbers to book up “limited shipyard slots”. More dry bulk stories
Stolt Tankers has gone public with a remarkable incident that shines a light on tensions between companies like them, which have a zero-tolerance approach to corruption, and the culture of graft that remains endemic in some ports around the world.
And finally, Greek shipowner Vasilis Bacolitsas has been doing a little wheeling and dealing outside his traditional sale-and-purchase markets. The director of Sea Pioneer Shipping is reported to have spent $17.5m on a house in the exclusive Brentwood area of Los Angeles.
- John Fredriksen’s Seatankers joins rush to order kamsarmax bulkers amid tightening shipyard slot supply
- UK sanctions London-based shipowner over ‘systematic’ Russian grain theft
- More women and diversity in shipping is not a ‘fluffy nice to have, it’s critical’
- Amid Russian grumbling, Black Sea grain corridor is rolling again
- Owner of seized crude tanker Niovi insists it had ‘no links to Iran whatsoever’