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
Frontline
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
Tanker giants Frontline and Euronav to merge
A tanker mega merger is in the works. Frontline Ltd, (NYSE: FRO) and Euronav (NYSE: EURN) have signed a term sheet agreeing a potential stock-for-stock combination of the two companies. Based on
Frontline reports strong quarter, postpones scrubber installations
John Fredriksen controlled tanker giant Frontline Ltd. reported first quarter results that included net income of $165.3 million compared with $40.1 million in the same quarter of 2019. “Frontline achieved its strongest
John Fredriksen’s Frontline takes 20% stake in scrubber manufacturer
JUNE 28, 2018 — John Fredriksen’s tanker company, Frontline Ltd. (NYSE:FRO), has entered into memorandum of agreement (MOA) to take a 20% ownership stake in exhaust gas cleaning system manufacturer Feen Marine
Frontline fires another salvo in DHT takeover battle
MAY 15, 2017 — John Fredriksen controlled tanker owner Frontline Ltd (NYSE/OSE: FRO) is persisting with its efforts to gain control of DHT Holdings, Inc.(NYSE: DHT). Those who have been following ding
DHT say no to latest Frontline approach
MAY 7, 2017 — “We did not build this company simply to hand it over to you on the cheap,” the Board of tanker owner DHT Holdings, Inc. (NYSE: DHT) says in
Frontline spat with DHT moves to the Marshall Islands
APRIL 27, 2016 — John Fredriksen’s Frontline Ltd.(NYSE/OSE: FRO) is continuing its effort to acquire DHT Holdings, Inc. (NYSE: DHT). Should it succeed the resulting merged company would become the world’s second
Frontline foiled in bid to block DHT deal with BW Group
APRIL 20, 2017 — DHT Holdings, Inc. (NYSE:DHT) today reported that it has taken delivery of the DHT Utik, the first of nine Very Large Crude Carriers (VLCCs) and two VLCC newbuild
Frontline and DHT continue takeover spat
FEBRUARY 10, 2016 — The back and forth between John Fredriksen controlled tanker giant Frontline Ltd (NYSE:FRO) and DHT Holdings (NYSE:DHT) continues. Back in January, Frontline revealed that it already held 16.4%