Shipping tycoon John Fredriksen has made the first significant move in the ongoing saga of Euronav’s future since the crucial supervisory board vote in March.
A US securities filing reveals the billionaire Frontline owner has increased his stake in the Belgian VLCC and suezmax company to 26.46%, from 24.99% previously.
This makes Fredriksen the biggest shareholder ahead of the Saverys family, which owns shipping company CMB and scuppered plans for a combination of Euronav and Frontline in January through their 25% holding.
