Euronav, Diamond S Shipping and Frontline in joint ventureStaff writer ▼ | June 7, 2016
Euronav announced the formation of a commercial joint venture with Diamond S Management and Frontline. The aim is to create a single point of contact for cargo owners to access a large fleet of 43 Suezmax vessels, operated on the spot market.
Shipping The joint venture will be named Suezmax Chartering
The joint venture will commence operation today from the existing offices of Euronav, Diamond S and Frontline Management AS.
Paddy Rodgers, CEO of Euronav, said: “I am delighted to start this exciting marketing venture in the Suezmax sector with Diamond S and Frontline. All three companies’ management share a similar vision in bringing greater transparency to what is a highly fragmented industrial structure. We look forward to working closely with our partners in this initiative.” ■