ShippingWatch

Euronav CEO downplays importance of tanker merger

The transaction is not revolutionary, says Euronav CEO Paddy Rodgers according to Clarksons Platou after the acquisition bid for Gener8 Maritime, which will create the world's biggest crude oil carrier.

Photo: Richard Drew, AP

"We have to be strong coming out of this transaction, finding a system that works for everybody," Euronav CEO Paddy Rodgers told broker and analyst Clarksons Platou after the news of the merger with Gener8 Maritime on Thursday, but adding that the does not view the transaction as revolutionary.

The merger will likely create the world's biggest crude oil tanker carrier.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Analyst points to "strong probability" of another upgrade for DSV

Sydbank's senior advisor expects double-digit increases in growth at both the top and bottom line at DSV when the logistics major publishes its results next week. Due to chaotic market conditions, there is "strong probability" of another upgrade later in the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs