The long-running dust-up over shares of Euronav between the historically acquisitive tanker behemoth Frontline on the hunt for a larger market position, and privately held CMB is on course for a resolution.

John Fredriksen’s Frontline is set to become the largest public-listed pure play tanker owner with the acquisition of 24 VLCCs from Euronav for $2.35 billion.

The World Shipping Council (WSC) is spearheading an initiative to develop a software tool to spot mis-declared container cargoes, which can lead to fatal shipboard fires.

Consolidation continues in the US flag sector with Maritime Partners acquiring a fleet of tankers and a support vessel from Maersk.

Dubai based Transworld Holdings has achieved the more than 90% shareholding it needed in Shreyas Shipping and Logistics (SSL) to delist the company in India.

Former Goldman Sachs associate, shipping investor and political novice, Stefanos Kasselakis was elected as the leader of Greece’s leftist Syriza main opposition on 24 September, though not a member of parliament.

On top of individual donations Greek shipowners are donating EUR50 million to the flood victims in central Greece Thessaly region, the country’s breadbasket.

Brazil Minister of Ports and Airports, Silvio Costa Filho, said earlier this week that the port of Santos will remain public but emphasised that there is potential for private sector partnerships.