Frontline and Euronav join forces in big tanker merger
Major tanker companies Frontline and Euronav announce a large-scale merger after a period in which tycoon John Fredriksen has been buying up in the Belgian carrier. Euronav CEO Hugo De Stoop will be CEO of the new company, which will be named Frontline.
by SØREN PICO
Two of the world’s largest tanker shipping companies, Frontline and Euronav, join forces in a large-scale merger, thus confirming longtime speculation on such a move in press releases issued Thursday morning CET.
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