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Euronav founder and largest shareholder CMB opposes Frontline merger

Euronav founder and largest shareholder CMB opposes Frontline merger

by Mariska Buitendijk | Apr 12, 2022 | News, Shipping

Euronav’s founder and largest shareholder, Belgian Compagnie Maritime Belge (CMB) owned by the Saverys family, has publicly opposed the proposed merger between Euronav and Frontline. In a statement, CMB questions Euronav’s strategy, particularly in terms...
Banks become shareholders of ailing shipping company Vroon

Banks become shareholders of ailing shipping company Vroon

by Mariska Buitendijk | Jan 10, 2022 | News, Offshore, Offshore wind, Shipping

Over 2020, Vroon Group reported a net loss of USD 314 million, bring the company’s debts close to a billion. The company has been in talks with its lenders to achieve a significant debt reduction for several years. This has now been agreed upon, but in return...

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