SERVICES

Euronav completes merger with Gener8 Maritime

Antwerp - Tanker companies Euronav and Gener8 have completed their merger. They thus have created an independent large crude tanker operator which includes 76 operating crude tankers and a liquidity position estimated at more than 800 million dollars

Antwerp - Tanker companies Euronav and Gener8 have completed their merger. They thus have created an independent large crude tanker operator which includes 76 operating crude tankers and a liquidity position estimated at more than 800 million dollars.

Paddy Rodgers, CEO of Euronav, said: “Today marks an important milestone in the continued development of Euronav. Completing this transaction provides the crude tanker market with a global player of substantial size. Increasingly our customers and clients are demanding flexibility and scale solutions to their transportation requirements. The enlarged operation will allow Euronav to meet these specifications.”

(View more)

Pressed for time?

Get the best news of the week in your inbox

Subscribe ››