Hugo De Stoop steps down as Euronav CEO
Just one day ahead of the company’s May 17 annual meeting, the Supervisory Board of Euronav NV (NYSE: EURN) has announced the departure of its CEO Hugo De Stoop with “immediate effect
Just one day ahead of the company’s May 17 annual meeting, the Supervisory Board of Euronav NV (NYSE: EURN) has announced the departure of its CEO Hugo De Stoop with “immediate effect
There are new faces on the board of tanker giant Euronav following today’s special shareholders’ meeting, including John Fredriksen and Saverys family patriarch Marc Saverys. That meeting was originally requested back on
Houston, Pennsylvania, based Campbell Transportation Company, Inc. (CTC) has emerged as the buyer of the majority of the marine assets owned by NGL Energy Partners’ NGL Marine LLC subsidiary. As we reported
In a move that will cement its position as the world’s largest operator of offshore service vessels, Houston-headquartered Tidewater Inc. (NYSE: TDW) will pay $577 million to purchase Oslo-listed Solstad Offshore ASA’s
For those who like ongoing sagas, the Euronav drama continues to deliver. Today, John Fredriksen’s Frontline plc (NYSE: FRO – OSE: FRO) reported that emergency arbitration claims filed by Euronav on January
Three major ship repairers — Vigor, MHI, and Continental Maritime — are to come under new ownership. Collectively, the three make up Titan Acquisition Holdings and, today, funds managed by its owners,
The merger of two major players in the marine mutual insurance market — North P&I and Standard Club — is set to come into effect on February 20, establishing NorthStandard as one
The drama following the collapse of the planned tanker mega merger of Euronav and John Fredriksen’s Frontline continues. On Monday, the Saverys family demanded that Euronav call a special general meeting with
The dust surrounding the failed Euronav mega merger with John Fredriksen’s Frontline shows no sign of settling. In the most recent development, CMB (Compagnie Maritime Belge) yesterday wrote Euronav’s supervisory board requesting
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