An American investor in Euronav has returned to Belgium with another lawsuit in a bid to overturn deals struck between the European tanker giant’s shareholders last year. The New York-based FourWorld Capital Management has filed a claim with Antwerp Enterprise Court seeking to declare null and void...
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/
Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen […]
The post Saverys says investing in future-proof ships makes sense now, reveals a pipeline of 120 hydrogen and ammonia-powered ships appeared first on Offshore Energy.
The Saverys family is continuing with the reshaping of Euronav (NYSE:EURN) following the deal that saw 24 of the company’s VLCCs being transferred to John Fredriksen’s Frontline, resolving a long-running merger battle, Euronav, whose controlling shareholder is now the Saverys family controlled CMB NV, on Friday, reached an agreement to acquire CMB’s clean tech division, CMB.TECH NV, for $1.15 billion in cash. The purchase price will be financed from the cash proceeds of the sale of the 24...
https://www.marinelog.com/news/euronav-set-to-acquire-cmb-tech/
Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered […]
The post Euronav to acquire CMB.TECH for $1.25 billion appeared first on Offshore Energy.
https://www.offshore-energy.biz/euronav-to-acquire-cmb-tech-for-1-25-billion/
Norwegian tanker major Frontline has completed the sale of its stake in Euronav cementing the […]
The post Frontline completes exit from Euronav as Belgian tanker major opens ‘new chapter’ under Alexander Saverys’ reins appeared first on Offshore Energy.
The first three in the series of hydrogen-fueled Commissioning Service Operation Vessels (CSOVs) ordered at Damen Shipyards by CMB Group’s offshore personnel transfer subsidiary Windcat (see earlier story) will feature full Schottel propulsion packages.
The 87-meter long by 20-meters wide Elevation Series walk-to-work CSOVs will come have comfortable accommodations for 120 passengers, and will provide a large warehouse and deck as well as various recreational areas and a hospital. The propulsion...
Según Alphaliner, Navieras alcanzan record de pedidos en nuevas construcicones persiguiendo objetivos ecológicos.
Esta entrada Navieras alcanzan record de pedidos en nuevas construcicones persiguiendo objetivos ecológicos Aparece primero en FullAvanteNews.
The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals […]
The post Frontline’s exit clears path for CMB’s bold decarbonization agenda for Euronav with ammonia and hydrogen at the helm appeared first on Offshore Energy.
After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced […]
The post CMB breaks deadlock as Frontline sails away with $2.35 billion VLCC bounty in Euronav deal appeared first on Offshore Energy.
The Saverys family and John Fredriksen look to be nearing a resolution to their long running battle for control of the world’s largest NYSE-listed oil tanker operator, Euronav NV (NYSE: EURN).
Both Euronav and John Fredriksen-controlled Frontline today released statements confirming that Frontline and the Saverys family’s CMB NV are in discussions on an integrated solution to the strategic and structural deadlock in Euronav.
The potential transaction has the following interdependent elements:
https://www.marinelog.com/legal/shipping/is-the-battle-for-euronav-nearing-an-end/