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Frontline and John Fredriksen give up tanker fusion with Euronav

Fierce resistance from Belgian shipping family Saverys has blocked John Fredriksen and tanker operator Frontline’s plans of merging with competitor Euronav.

John Fredriksen abandons plans of merging tanker majors Frontline and Euronav. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by JENS THOMSEN

Norwegian-Cypriot shipping tycoon John Fredriksen has abandoned plans of merging his tanker carrier Frontline with Belgian competitor Euronav to create the world’s leading tanker operator.

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