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.”