Shell shareholders approved the oil giant’s proposed takeover of BG Group by a wide majority, setting the stage for growth of the major tanker charterer.

Nearly 83.1% of the 3.94 billion votes cast were in favour of the $50bn megamerger, which is targeted to unlock annual operating efficiencies that have ramifications for shipping and offshore vessels.

Votes representing 22.2 million shares were withheld.

BG