Belgian tanker operator Euronav has filed an application for urgent arbitration in relation to tanker firm Frontline’s unilateral termination of the previously proposed merger agreement.Frontline on January 9 said that a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination that would have created the world's largest publicly listed tanker company.
Belgian oil tanker and storage company Euronav said on Wednesday it disputed Frontline's right to end a merger agreement between the two firms and was considering options, including arbitration and legal action. Oslo-listed oil transporter Frontline said on Monday it was canceling the $4.2 billion merger deal.
Oil tanker company Frontline said on Monday a $4.2 billion deal to merge with rival Euronav NV was terminated, a combination which would have created the world's largest publicly listed tanker company.Frontline will not make a voluntary conditional exchange offer for Belgian oil tanker and storage operator Euronav's shares and will no longer seek a listing on Euronext Brussels
Hydrotug, the world's first hydrogen-powered tugboat, has been launched at Armón Shipyards in Navia, Spain, marking a key milestone on the path toward wider adoption of the sustainable, climate neutral fuel in workboat applications.Remaining outfitting work will be completed over the next few months ahead of sea trials later this year.
The U.S. is spanning a sea bridge over the Atlantic to support Ukraine with crucial equipment in its war against Russia, a senior official said on Friday, as a huge cargo ship at the Belgian port of Antwerp got ready to set sail for Germany.Carol Petsonk, the United States' Assistant Secretary for Aviation and International Affairs
Copenhagen Infrastructure Partners (CIP) has proposed to construct an artificial island dedicated to large-scale production of green hydrogen from offshore wind – called "BrintØ" - in the Danish part of the North Sea. According to CIP, one of the world’s largest dedicated fund managers within greenfield renewable energy investments
Belgian offshore installation contractor DEME said Saturday that the "revolutionary" offshore installation vessel Orion officially joined its fleet.This next-generation vessel is equipped with a powerful 5,000-tonne crane and is designed to handle the massive turbines and foundations of the future.
Belgian offshore installation company DEME said Friday that its 'revolutionary' new offshore installation vessel 'Orion' this week docked for the first time at the company's base near Vlissingen, in the Netherlands.The DP3 installation vessel Orion is equipped with a 5,000-tonne crane, built to handle the next generation of offshore wind farm components.
Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge in an all-stock transaction valued at $4.2 billion that they said would cut costs and help in their low-carbon transition.Euronav shareholders will own 59% of the combined group and will also receive a cash dividend before the deal closes, while Frontline owners will hold the remaining 41%
An official launching ceremony for the Green Jade DP3 heavy lift and installation vessel, the first such vessel built in Taiwan, was held at CSBC’s shipyard in Kaohsiung, Taiwan.The news was shared by the Belgian offshore installation firm DEME Offshore, part of CDWE consortium with CSBC, which commissioned the vessel in 202.
South Korean shipbuilder Hyundai Samho Heavy Industries on January 10 hosted a naming ceremony for a pair of new very large crude carriers (VLCC) it is constructing for Belgian shipowner Euronav.The Cassius and Camus are being built as liquefied natural gas (LNG) ready with the ability to cut CO2 emissions compared to current market standards.
Belgium's transmission operator, Elia, has presented its draft plans for what is expected to be the world’s first artificial energy island. The energy island, called the Princess Elisabeth Island, will be located almost 45 km off the Belgian coast and will serve as the link between the offshore wind farms in the second offshore wind zone (which will have a maximum capacity of 3.