The Greek bias on HellenicShippingNews is quite apparent.
The merger between Bermuda-based Frontline (FRO) and Belgian tanker entity Euronav (EURN) has been terminated.
The combination would have resulted in a tanker powerhouse, in particular, in the VLCC and Suezmax segments. The market is currently upbeat on the Medium-sized conventional tankers (both dirty and clean), so that’s a plus for FRO. Not as much for EURN.