Frontline-Euronav merger will create one of the world’s largest privately-owned tanker fleets
Market vagaries may still buffet merging tanker heavyweights
Frontline-Euronav deal will create one of the world’s largest tanker fleets, but price-setting power may remain outside the combination’s reach
The merger of New York-listed shipowners Euronav and Frontline will create one of the world’s largest privately-owned tanker fleets and the biggest in the very large crude carrier (VLCC) and Suezmax sectors. Shareholders from both companies have approved the deal, which will combine the shipowners under the name Frontline. Euronav and Frontline’s shareholders will own around 59pc and 41pc respectively of the new company, which will have a market cap of c.$4.2bn. The merger “would establish a market leader” in the tanker sector, says Frontline CEO John Fredriksen, as well as bring “significant synergies... and increase fleet utilisation”. The combined fleet will comprise 67 VLCCs, two of the
Also in this section
13 October 2025
Saudi Arabia, the UAE and Iraq appear to be only members able to increase output as Russia approaches close to maximum capacity
13 October 2025
The October 2025 issue of Petroleum Economist is out now!
10 October 2025
International and opposition media claim that two-fifths of the country’s refining capacity is offline, but the true situation is not so dire
9 October 2025
A balanced approach—combining hydrocarbons, renewables and emerging clean technologies—is essential for both energy security and sustainability
