Fredriksen ups stake in Euronav
Within days of John Fredriksen’s Frontline plc announcing that it was pulling out of its planned tanker mega merger deal with Euronav, Fredriksen-associated Famatown Finance Ltd filed a notice with the SEC
euronav
Euronav unhappy with Frontline’s walk away from combination deal
In a statement released today, Euronav NV (NYSE: EURN & Euronext: EURN) says that, following further detailed consideration with its legal and financial advisors, it is “taking the opportunity to update its
Frontline pulls out of Euronav acquisition
The wedding is off. John Fredriksen controlled tanker giant Frontline plc is no longer to pursue the tanker mega merger with Antwerp-headquartered Euronav NV first announced back in April last year. The
Seaways adopts a poison pill defense
As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International
Euronav enters ammonia-fueling JDP, orders 3 Suezmaxes
Antwerp, Belgium, headquartered Euronav NV (NYSE: EURN & Euronext: EURN) reports that it is in a Joint Development Program (JDP) with the largest shipbuilder in the world, Hyundai Heavy Industries (HHI) and
Euronav books $9.3 million gain on sale of oldie
Antwerp-headquartered tanker giant Euronav NV (NYSE: EURN) has sold the oldest conventional vessel in its fleet, the 2002-built, 149,989 dwt Suezmax Filikon, for $16.3 million. The company will record a capital gain
Euronav orders VLCC newbuilds with “ammonia-ready” potential
Euronav NV (NYSE: EURN & Euronext: EURN) reports that it has entered into an agreement with the Hyundai Samho shipyard in South Korea for two VLCC newbuilds plus an option for a
Paddy Rodgers joins V.Group Board
Ship management and services company V.Group reports that Paddy Rodgers has been appointed as a non-executive director. Rodgers served as CEO of Euronav for 18 years and was known for making forthright
Euronav sells 2005-built VLCC
Antwerp, Belgium, headquartered Euronav NV (NYSE: EURN) reports that it has sold the 2005-built VLCC TI Hellas for $38.1 million. A capital gain on the sale of approximately $1.6 million will be
Euronav swoops on fourth DSME VLCC newbuild resale
Euronav NV (NYSE: EURN & Euronext: EURN) has entered into an agreement to acquire a fourth resale VLCC newbuilding contract. Last month the tanker giant reached an agreement to acquire three VLCCs,