Euronav accuses Frontline of breaching merger terms as it threatens legal action
Belgian owner concludes Fredriksen-led company has failed to provide a satisfactory reason for scrapping tanker tie-up
Tankers
Ifchor and Galbraiths ink their planned merger to form new 300-person brokerage
Integration of two companies should be completed by end of first quarter
Indian-managed tanker switches P&I club during first Russian price cap voyage
Standard Club says ‘compliance with legal and regulatory obligations’ is a key part of running its business
Small print: merger clause rules out CMB’s actions as grounds for termination
Frontline may have to rely on other reasons to avoid potential legal action from Euronav
Ukraine war sees LNG and bulk volumes jump at Antwerp-Bruges
But container throughput comes under pressure at huge port group
Tsakos flips container ship newbuildings to large tankers
The Greek shipping company dropped two feeder boxships booked at Hyundai shipyard for suezmax tanker newbuildings worth $170m
Lila Global places chemical tankers in the GSB J19 Pool
Lila Global additions see stainless steel chemical tanker pool grows to nine ships
Euronav shares plunge while Frontline and International Seaways strengthen
Investors sell off Euronav following Frontline’s announcement that it was backing off merger plans with the Belgian tanker owner
Saverys’ CMB wants to talk Euronav future and leadership after abandoned Frontline merger
Family company wants to talk about tanker owner’s strategy and supervisory board make-up after combination falls through
Growing gap in company values may have given Fredriksen pause for thought
Clarksons Securities says Frontline’s net asset value was growing past the exchange offer ratio