Belgian shipowner Euronav is expected to delay potentially large dividend pay-outs again due to the uncertainty created by legal action over the failed Frontline merger.

Investor and analyst interest will be focused on the fallout from the scrapped tanker tie-up when the shipowner reports its fourth-quarter results on Thursday.

But Fearnley Securities expects limited new commentary given the ongoing arbitration cases filed by Euronav against the John Fredriksen company.