The aim of the joint venture was to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmaxes operating on the spot market.
Frontline will contribute 22 vessels to the joint venture, including 14 vessels on the water plus eight newbuildings, as they are delivered.
A larger fleet will provide more flexibility and more options for cargo owners and also reduce voyage related expenses by optimising vessel selection based on proximity to cargoes, thereby reducing greenhouse gas emissions, as a direct consequence of using less fuel for ballasting trips.
Suezmax Chartering will operate from the three managers existing offices.
Robert Hvide Macleod, Frontline Management CEO, said: "I look forward to working with Diamond S and Euronav on this important venture. We share the common goal of providing safe, timely and high quality service to our customers."
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.”