# Tanker deal terminated

**URL:** <https://discussion.fool.com/t/tanker-deal-terminated/86103>\
**Category:** Shipping News\
**Created:** [January 9, 2023, 10:53pm UTC](https://discussion.fool.com/t/tanker-deal-terminated/86103 "2023-01-09T22:53:09Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [January 9, 2023, 10:53pm UTC](https://discussion.fool.com/t/tanker-deal-terminated/86103/1 "2023-01-09T22:53:09Z")

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The Greek bias on HellenicShippingNews is quite apparent.

The merger between Bermuda-based Frontline (FRO) and Belgian tanker entity Euronav (EURN) has been terminated.

[FRO – Termination of Combination Agreement with Euronav - Frontline](https://www.frontline.bm/fro-termination-of-combination-agreement-with-euronav/)

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.

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<div class="post-metadata">

**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [January 10, 2023, 3:51pm UTC](https://discussion.fool.com/t/tanker-deal-terminated/86103/2 "2023-01-10T15:51:43Z")

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01/10  
The aftermath of the canceled deal - FRO up big (over 20%), EURN down big (-15%). With the Saverys family holding 25% of EURN shares, I posed this question on SeekingAlpha - my understanding is that EURN’s management were in support of the deal, what happens to the EURN mgmt team (when the dust settles)?