Search results for: Euronav

188 results

A list of search results

  • 20 February 2019
    Business & Finance

    Euronav NV sells Genmar Compatriot, a 2004-built LR1 tanker.

  • 15 November 2013
    Business & Finance

    Euronav NV yesterday announced that the company sold the double-hulled VLCC Ardenne Venture (2004 –318,658 dwt), for USD 41.7 million. The vessel is owned by a 50/50 joint venture company with Wah Kwong Maritime Transport Holdings Ltd. The capital gain on this sale of about USD 2.2 million (Euronav’s part) will be recorded at delivery. […]

  • 8 May 2020
    Infrastructure, Vessels

    Belgium’s tanker shipping company Euronav has disposed of TI Hellas, one of its older very large crude carriers (VLCCs).

  • 25 February 2020
    Business & Finance

    Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.

  • 15 January 2019
    Business & Finance

    Euronav sells its Suezmax vessel to a supplier and operator of offshore floating platforms.

  • 17 February 2014
    Business & Finance

    Euronav’s plan to purchase some vessels from certain subsidiaries of Overseas Shipholding Group (“OSG”) has fallen through after OSG said that it will withdraw their previously-announced motion for authorization to sell the vessels over which CEXIM had security interests. As it was previously announced, Euronav has formed a Joint Venture (JV) with GSO Capital Partners […]

  • 9 May 2017
    Business & Finance

    Belgian tanker owner and operator Euronav has placed an order for two high specification Ice Class Suezmax vessels with Hyundai Heavy Industries (HHI) shipyard in South Korea.  The company said that the order has been prompted by the signing of an additional two long-term time charter contracts of seven years each with Valero Energy Inc. for two […]

  • 19 November 2019
    Business & Finance

    Euronav has entered into a joint venture together with affiliates of Ridgebury Tankers and clients of Tufton Oceanic.

  • 30 July 2015
    Business & Finance

    Sustained improvement in tanker freight rates has driven Euronav’s EBITDA up to USD 142.3 million in the second quarter of 2015 ended June 30, the tanker owner and operator said in its preliminary financial results. Freight rates throughout the three months to the end of June were consistently strong in both the VLCC and Suezmax […]

  • 6 August 2019
    Business & Finance

    Euronav has disposed of VK Eddie, a 2005-built very large crude carrier (VLCC).

  • 3 February 2015
    Business & Finance

    Having closed its Initial Public Offering (IPO) of ordinary shares on NYSE, Euronav NV said it would repay the USD 235.5 million bond issued to finance the acquisition of 15 VLCCs from Maersk Tankers Singapore Pte Ltd announced on 5 January 2014. The vessels have an average age of 4 years and will expand the […]

  • 8 August 2019
    Business & Finance

    Euronav ended the second quarter of this year with a net loss, driven by a longer than expected freight rate weakness.

  • 24 January 2019
    Business & Finance

    Euronav reported a net profit of USD 0.1 million in the fourth quarter of 2018, tapping into the market recovery.

  • 21 December 2017
    Business & Finance

    Euronav NV and Gener8 Maritime have reached an agreement on a stock-for-stock merger.

  • 28 January 2016
    Business & Finance

    Belgium’s shipping company Euronav NV has reported a net profit of USD 104.7 million in its non-audited financial results for the fourth quarter of 2015 against a net loss of USD 3.9 million posted in the same period last year. EBITDA for the fourth quarter 2015 was USD 160.6 million, also up from last year’s USD 67.6 million. For […]

  • 5 December 2017
    Business & Finance

    Belgium-based tanker owner Euronav NV has disposed of another ship in an effort to reduce the age of its fleet and invest in new vessels.  The company has sold Flandre, a very large crude carrier (VLCC), for USD 45 million to “a global supplier and operator of offshore floating platforms.” The France-flagged vessel is expected to […]

  • 5 September 2019
    Business & Finance, Rules & Regulation

    The company’s ULCC Oceania is storing the purchased 420,000 metric tons of compliant fuel.

  • 5 August 2011
    Business & Finance

    ABS Nautical Systems announces its successful partnership with Euronav Ship Management (Hellas) Ltd., one of the world’s leading tanker companies. Euronav selected ABS Nautical Systems as its asset management provider in 2009 and was the first adopter of the Hull Inspection module. The Hull Inspection module is a browser-based tool that helps track the structural […]

  • 1 June 2017
    Business & Finance

    Belgium-based tanker owner Euronav has confirmed the sale of TI Topaz, one of its two oldest very large crude carriers (VLCCs). As World Maritime News earlier reported, the 319,430 dwt ship was sold for USD 21 million. Built by Hyundai Samho Heavy Industries in South Korea in 2002, the vessel was sold to Greece-based New Shipping, […]

  • 17 May 2017
    Business & Finance

    Antwerp-based tanker owner and operator Euronav has, through a joint venture with International Seaways, signed a contract for five years for the FSO Africa and FSO Asia in direct continuation of the current contractual service. The contract was signed with North Oil Company (NOC), the future operator of the Al-Shaheen oil field, whose shareholders are […]

  • 5 October 2016
    Business & Finance

    Antwerp-based tanker owner and operator Euronav NV has ordered two high specification Ice Class Suezmax vessels from Hyundai Heavy Industries shipyard in South Korea. The 158,600 dwt tankers were ordered for a price of USD 62 million each, according to data provided by VesselsValue. The contract has an option for two additional Suezmaxes. Euronav signed two long-term […]

  • 29 October 2015
    Business & Finance

    Belgian tanker operator Euronav has decided not to exercise the option for four newbuilding very large crude carriers (VLCCs) on top of the four vessels the company had agreed to buy back in June, as the tanker vessels have not become more expensive in the meantime, and the company feels that the four VLCCs do not provide ‘‘hedge […]