It has been years since Frontline (FRO) has been top dog in the tanker sector.
Late last year, John Fredriksen (FRO backer) took a 5% stake in Belgian tanker giant Euronav (EURN).
Now apparently the two are combining forces, with the combined entity keeping the name of the smaller player.
https://www.frontline.bm/fro-combination-between-frontline-l…
So three big questions
- Will Fredriksen be able to continue to influence FRO decisions as he has in the past?
- What happens to Tanker International (TI), the VLCC trading pool that EURN helped establish?
- Plans for the two tanker ULCCs and the joint venture that owns the other two ULCCs (both working a Total contract)?