Frontline must abide by Euronav's climate goals in potential merger

Tanker carriers Euronav and Frontline, which are planning to merge, have different climate targets at present. Frontline is doing well within ESG but doesn’t sufficiently communicate its results, Euronav CEO tells ShippingWatch.

Photo: PR / Euronav

Euronav and Frontline, which plan to merge and thereby create the world’s largest crude oil tanker carrier, have very different ambitions regarding the climate issue – at least for now.

Euronav has committed to a climate goal entailing that the carrier’s greenhouse gas emissions be net zero in 2050, and perhaps that the target be achieved earlier than in 2050.

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