Tanker shipping consolidation saga watched ‘like it’s Netflix’
Take a fleet of tankers, add a high-stakes merger plan, mix in a big personality or two and season with founding-family pride. It’s a time-honored recipe for the kind of messy business disputes that give tanker shipping its colorful reputation. Today’s three-way fracas involving tanker owner Euronav (NYSE: EURN) — with Frontline (NYSE: FRO) on one side, Belgium’s Saverys family on the other and Euronav’s management and board in the middle — is just the latest in a long line of tanker confrontations that have spanned decades. There was the ...
Read More »