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.
The merger between the two players will create a new behemoth in the tanker market with a total fleet of 69 very large crude carriers (VLCCs) in addition to 57 suezmax tankers and 20 LR2/aframax vessels.
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