John Fredriksen and Alexander Saverys Photo: TradeWinds Events/Trond Lillestolen

The long-running saga of a failed merger between John Fredriksen’s Frontline and rival Euronav appears ready to result in the Norwegian tycoon walking away with a large chunk of the Belgian tanker giant’s fleet. Talk of an agreement was rampant in US tanker circles on Thursday, with sources saying that a concrete deal between the two sides had been placed on the table.