While shareholders of Euronav and Frontline firm up their battle lines ahead of a proposed $4.2bn merger to create the world’s biggest listed crude tanker owner, a number of quiet onlookers have a stake in the outcome as well.

One interested — presumably delighted — bystander who may prefer to go overlooked is Clarksons, which has reportedly been cut out of Frontline business for years after an obscure falling out with the famously irascible John Fredriksen.