After overcoming attempts to block its mandatory takeover bid in the US and Europe, CMB has closed the deal and now controls 88.61% of Euronav’s shares.

Euronav continues fleet diversification with an order for a dual-fuel Bitumen tanker pair.

Zeronorth will acquire and integrate Euronav’s Fleet Automatic Statistics and Tracking (FAST) into its online platform.

Frontline has agreed to sell its five oldest VLCCs for a total sale price of $290m.

The settlement of the long running wrangle for control of Euronav between Frontline and CMB will see the company diversifying away from crude oil transportation and taking a stronger role in decarbonisation.

John Fredriksen’s Frontline is set to become the largest public-listed pure play tanker owner with the acquisition of 24 VLCCs from Euronav for $2.35 billion.

CSSC Beihai Shipbuilding enters into the VLCC newbuilding market by securing two orders from tanker owner Euronav.