Euronav has said it is 3% short of a simple majority ahead of a crucial vote of Gener8 Maritime shareholders on its proposed $504m takeover of its rival.

Investors will make their preference plain at a special meeting on 11 June.

Euronav said: "Provided that the Gener8 shareholders vote positively on the proposed merger, and the merger is consummated pursuant to the terms and conditions of the merger agreement, Gener8 would become a wholly-owned subsidiary of Euronav."