ShippingWatch

Alexander Saverys on Euronav merger: Compromise is the only solution

Belgian shipping family Saverys has no confidence in a merger between tanker rivals Frontline and Euronav unless a compromise is reached. ”That’s the only solution,” says Alexander Saverys in an interview with ShippingWatch.

Photo: PR / CMB

NEW YORK

It should not have escaped anyone’s attention that Belgian shipping family Saverys, which is a major shareholder in Belgian tanker operator Euronav, is opposing a merger between the carrier and John Fredriksen-controlled Frontline.

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