The proposed Euronav-Frontline mega-deal raises questions over the direction of Tankers International, with the potential loss of 24 VLCCs from its pooling operation.
The deal to end the 18-month merger saga between the two tanker giants includes an agreement for Belgium’s Euronav to sell the VLCCs, with an average of 5.3 years, to John Fredriksen’s Frontline for $2.35bn. It would be the biggest
