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Shareholders in the two tanker carriers Euronav and Frontline, including, not least, John Fredriksen, face lucrative gains from the two companies’ merger, according to DNB. The backdrop of the merger is found in customer demand, Euronav tells ShippingWatch.
Euronav NV reported its final financial results today for the full year to 31 December 2021. The return of oil consumption at a global scale was going to be a key driver to freight market recovery in 2021. When COVID vaccinations started being administered throughout the world, this recovery seemed to be imminent. Unfortunately, this ...