Tag: Euronav

On the 10th of March, Euronav signed an agreement with UN to sell a Very Large Crude Carrier (VLCC) as part of a wider salvage operation for the FSO Safer vessel in Yemen.

Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, calling on shareholders to put representatives from both shareholders on the board while rejecting the broader effort to replace the current board.

Euronav filed an application request for urgent interim and conservatory measures in relation to "Frontline’s unilateral action in pursuing the termination of the combination agreement of July 10, 2022."

In a recent update to its stakeholders, Euronav determined that Frontline’s unilateral action in pursuing the termination of the combination agreement has no basis under the terms of the combination agreement between the two companies signed on July 10, 2022.

Frontline announced that it no longer pursues a combination between Frontline and Euronav, as Frontline has terminated the combination agreement it entered into with Euronav in this respect.

Euronav Ship Management (Hellas) Ltd. and the Panama Maritime Authority (PMA) have recently signed a Memorandum of Understanding (MOU) with the aim to open up opportunities for Panamanian seafarers on board Euronav vessels.

In the latest GREEN4SEA Virtual Forum, the importance of environmental, social, and corporate governance (ESG) was highly stressed. Mr. Konstantinos Papoutsis, Euronav’s Sustainability Manager gave a presentation to touch upon the disclosing of ESG data performance and shipping finance regulation and initiatives taken by the industry and beyond.

Two of the largest names in tanker shipping announced their merger, as Euronav and Frontline signed a term sheet that has been unanimously approved by both boards on a potential stock-for-stock combination between the two companies.

To protect whales, Euronav has teamed up with the Great Whale Conservancy (GWC), an environmental NGO dedicated to the protection of great whales and their habitat, to investigate how ship strikes can be avoided.

As one of the first in the oil tanker industry, Euronav recently tested a B30 biofuel on a Suezmax, the Statia.