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...
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:
The top two shareholders in Euronav have made their next moves in the protracted takeover saga for one of Belgium’s top shipping names, reports Splash247.
CMB
The Saverys family-controlled Compagnie Maritime Belge (CMB), Euronav’s top shareholder with a 25% stake, is pushing shareholders to replace the existing supervisory board at the tanker company, something that will be due for a vote on March 23. The existing board is still pushing for a merger with John...