Tanker

Alexander Saverys escalates feud with Euronav in letter to management

In a highly critical letter, Belgian shipping family Saverys kills any hopes for a full merger of tanker operators Frontline and Euronav, criticizing Euronav’s top exec along the way.
Alexander Saverys, CEO of family company CMB. | Photo: PR / CMB
Alexander Saverys, CEO of family company CMB. | Photo: PR / CMB
by KIM WIESENER

The merger of tanker carriers Frontline and Euronav is dead and buried – and the alternative is ”unworkable and value-destructive.”

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