158:
271:
In
December 2017, it became known that Euronav took over its American competitor, Gener8 Maritime. The take over took the form of a merger, moving all Gener8's shares under Euronav's umbrella and Gener8 becoming a daughter company. Euronav stockholders held 72 percent of the shares, compared to 28
206:
pending regulatory approval and ironing out of the last details, including different strategic views between
Euronav's and Frontline's main owners. The merger would have created the world's largest publicly listed tanker company. Euronav's largest shareholder, Compagnie Maritime Belge, opposed the
207:
merger and on 9 January 2023, Frontline announced that the merger would not take place. On 9 October 2023, Frontline sold its 26% stake in
Euronav to CMB. As part of the sale, Frontline acquired 24 of Euronav's oil tankers for an aggregate purchase price of $ 2.35 billion USD.
191:
On 5 January 2014 Euronav announced that it has entered into a contract to acquire 15 VLCC tankers from Maersk subsidiary Maersk
Tankers Singapore in a deal worth US$ 980 million. This deal brought the number of ships from Euronav from 35 to 50.
180:. The company is the successor to the Belgium tanker-owner European Navigation Company Ltd, an Isle of Man company, and to the French Compagnie Nationale de Navigation (CNN, at that time a subsidiary of the Worms Group (
198:
On 11 September 2020, Euronav was granted a $ 713m loan facility by Nordea with the first withdrawal on 15 October 2020. It consists of a revolving credit facility of up to $ 469m and a term loan of up to $ 244m.
703:
284:, France, and with a major branch office in Antwerp, Belgium, and Euronav Ship Management (Hellas) Ltd. with branch office in Athens, Greece. Euronav vessels fly Belgian, French, Greek and Liberian flag.
811:"Pioneers of VLCC Pooling | Tankers International – Tankers International is one of the world's leading shipping pools – providing unrivalled management of modern, independent VLCC tonnage"
184:). In 1995 European Navigation Company Ltd sold vessels, subsidiary, crewing and technical, management companies and goodwill to Euronav Luxembourg NV to form a joint venture between CNN and
257:(OTCBB) under the ticker symbol "GMRRQ", but has since been completely delisted and gone private. In the year prior to its bankruptcy, General Maritime's stock price shed 95% of its value.
249:, after oversupply in the shipping industry caused it to lose money for at least eight quarters. In April 2012 General Maritime came out of bankruptcy as a result of investment from
768:
372:
168:
is a
Belgian international shipping enterprise which focuses on oil transport by sea. Euronav is considered to be one of the major independent global oil shipping firms.
280:
Technically, the fleet management is conducted by three wholly owned subsidiaries
Euronav Ship Management SA and Euronav SAS, both French companies with headquarters in
188:(CMB). In 1997 CMB acquired CNN and transferred Euronav Luxembourg NV into the full ownership of CMB. Euronav had thus become the wholly owned tanker division of CMB.
558:
195:
In
December 2017, it became known Euronav took over its American competitor, Gener8 Maritime. The new group had a fleet of 75 tankers, including 44 VLCC's.
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242:. Founded in 1997 by Peter Georgiopoulos, in 2004 the company was the second largest (based on cargo capacity) operator of mid-size tankers.
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853:
704:"General Maritime Corporation And Navig8 Crude Tankers Inc. To Combine To Create The Largest Owner Of Modern Eco VLCCs"
260:
In 2015, General
Maritime Corporation merged with Navig8 Crude Tankers Inc. to form Gener8 Maritime, which owned 28
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at the time of the merger, of which 21 had been newly built. The company was incorporated in the
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and two or three V-Plus are marketed in the
Tankers International pool of oil tanker operators.
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559:"World-leading tanker giant born as Frontline and Euronav reveal $ 4.2bn merger"
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Euronav provides complete shipping services in addition to its fleet of large
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584:"Oil tanker groups Frontline and Euronav scrap $ 4.2 billion merger"
610:"FRO – Fully funded acquisition of 24 modern VLCCs from Euronav NV"
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On 7 April 2022 there was announced a merger between
Euronav and
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309:"EURN: Euronav NV Stock Price Quote - EN Brussels - Bloomberg"
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506:"Euronav seals $ 713m green refinancing to fund new VLCCs"
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454:"Antwerp shipping company Euronav seals major takeover"
405:"Oliereder Euronav koopt 15 mammoettankers van Maersk"
533:"Frontline and Euronav plot merger in all stock deal"
510:
Tradewinds | Latest Shipping and Maritime News
660:"General Maritime files for Chapter 11 bankruptcy"
253:. Prior to its bankruptcy, General Maritime stock
845:
635:"General Maritime: Its Tanker Business Is Brisk"
683:TradeWinds | Latest shipping and maritime news
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480:"Euronav NV's US$ 713 Million Loan Facility"
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524:
255:traded on the over-the-counter Pink Sheets
245:In 17 November 2011 the company filed for
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677:Pierce, Andy; Brady, Joe (2014-12-19).
14:
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751:: CS1 maint: archived copy as title (
272:percent for the Gener8 stockholders.
869:Companies listed on Euronext Brussels
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658:Bala, Vaishnavi (17 November 2011).
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287:Commercially, most of Euronav's
266:Republic of the Marshall Islands
247:Chapter 11 bankruptcy protection
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702:Corporation, General Maritime.
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679:"Genmar buys Navig8 VLCC fleet"
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864:Companies in the BEL Mid Index
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531:Hand, Marcus (7 April 2022).
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27:Belgian oil transport company
557:Dixon, Gary (7 April 2022).
433:"Kwantumsprong voor Euronav"
373:"euronav.com: Press release"
216:General Maritime Corporation
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854:Companies based in Antwerp
251:Oaktree Capital Management
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186:Compagnie Maritime Belge
161:Euronav tanker in Canada
109:Alexander Saverys (CEO)
537:Seatrade Maritime News
484:Global Legal Chronicle
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111:Ludovic Saverys (CFO)
348:"Euronav - History"
218:operated crude oil
131:Number of employees
32:
771:2014-02-01 at the
708:www.prnewswire.com
460:. 21 December 2017
385:on 13 January 2014
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590:. 10 January 2023
512:. 20 October 2020
486:. 27 October 2020
334:"Worms & Cie"
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54:Euronext Brussels
16:(Redirected from
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790:Linkedin.com
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135:1,700 (2013)
90:Headquarters
36:Company type
795:November 8,
414:November 8,
226:and in the
76:Oil and Gas
848:Categories
738:2013-11-07
713:2024-02-10
688:2024-02-10
644:2024-02-10
619:6 December
594:6 December
563:TradeWinds
516:5 November
490:5 November
464:8 November
389:8 November
358:2013-09-27
295:References
240:North Seas
105:Key people
31:Euronav NV
786:"Euronav"
614:Frontline
228:Caribbean
68:Transport
48:Traded as
816:30 March
769:Archived
747:cite web
318:30 March
147:.euronav
120:Shipping
116:Products
64:Industry
664:Reuters
588:Reuters
568:7 April
542:7 April
220:tankers
178:tankers
172:History
166:Euronav
140:Website
98:Belgium
94:Antwerp
82:Founded
56::
458:Vrt.be
282:Nantes
238:, and
72:Marine
40:Public
383:(PDF)
376:(PDF)
289:VLCCs
262:VLCCs
236:Black
818:2023
797:2021
753:link
621:2023
596:2023
570:2022
544:2022
518:2020
492:2020
466:2021
416:2021
391:2021
320:2023
149:.com
85:2004
58:EURN
268:.
145:www
124:Oil
850::
788:.
749:}}
745:{{
706:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
