Russian Oil Tankers Search for New Flags to Hide From Sanctions
A chunk of Russia’s oil tanker fleet is being forced to change the flag they sail under as US and UK sanctions heap pressure on Moscow’s shipping network.
New York-based shipping company Foremost Group has confirmed the death of Angela Chao, its Chair and CEO, in a tragic car accident.
Angela Chao, 50, was daughter of Foremost Group’s founder and Honorary Chairman, Dr. James S. C. Chao, and sister to former U.S. Secretary of Transportation under President Trump, Elaine Chao.
Foremost Group announced Chao’s death in a statement describing her a “formidable executive and shipping industry leader” who loved her family.
According to the Foremost Group website, Chao served on the Boards of the American Bureau of Shipping Council, Harvard Business School’s Board of Dean’s Advisors, and the Metropolitan Opera. She also serves on the Chairman’s Council of the Metropolitan Museum of Art, the Founding Board Council of the Museum of Contemporary Art in Los Angeles as well as the Boards of the Shanghai Mulan Education Foundation, the Ruth Mulan Chu Chao Foundation, and the Foremost Foundation. She serves as the Co-Chair of The Asian American Foundation’s (TAAF) Advisory Council, is a member of the Council on Foreign Relations, serves on the Young Leaders Forum of the National Committee on US-China Relations, and is the Honorary Chairperson of the Chiao-Tung University Alumni Association in America.
“She will be greatly missed and leaves a legacy of pioneering leadership- especially for women- in shipping, philanthropy and the arts,” the statement said.
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