Frontline rules out imminent large-scale consolidation: No merger talks with Euronav

There are no discussions "whatsoever" going on about a merger between Euronav and Frontline, says the latter's CEO, Lars Barstad, to ShippingWatch. "It's not even on the radar. But as something that might be a possibility down the line? Absolutely, that may well be."

"I denne sammenhæng er der ingen diskussioner mellem Frontline og Euronav whatsoever. Det er ikke engang på radaren," siger CEO i Frontline, Lars Barstad. | Photo: Frontline

Frontline's chief executive officer, Lars Barstad, rules out any talk of an imminent merger between Frontline and Euronav in an interview with ShippingWatch.

His remarks follow John Fredriksen's buying spree of stocks in Euronav, which only fueled rumors of a consolidation. The matter gained even more attention when Euronav's chief executive officer, Hugo De Stoop, made statements to both ShippingWatch and The Wall Street Journal, noting that a merger between two carriers has been discussed many times and that a merger could be in the cards down the line.

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