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Euronav Q1 Unaudited EBITDA Down At $28.6 million
Euronav: New 3-Year Credit Facility Of EUR 80 Million
Euronav Maintains Liquidity Of Over $1 Billion
Euronav NV (Euronav) is a Belgium-based company engaged in the transportation and storage of crude oil and petroleum products. The Company provides shipping services, in addition to the carriage of crude oil on its fleet of large tankers. The Company, along with its group entities, operates in two business segments: the operation of crude oil tankers on the international markets (tankers), and the floating production, storage and offloading operations. The Company’s ship management services include, among others, technical services, fleet personnel management, environmental, protection management system, commercial management and operational management. Its group companies include Euronav Ship Management SAS, Euronav Shipping NV, Euronav Tankers NV, Euronav SAS, Euronav UK Ltd., Euronav Hong Kong Ltd. and Great Hope Enterprises Ltd.
De Gerlachekaai 20
Non-Executive Independent Chairman of the Board
Hugo De Stoop
Chief Executive Officer, Member of the Executive Committee
Chief Financial Officer
Chief Operating Officer, Member of the Executive Committee
General Counsel, Member of the Executive Committee
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Belgian tanker operator Euronav reported record-high second-quarter earnings on Thursday but warned that floating storage demand had eased sooner than it expected.
Belgian tanker operator Euronav reported record-high second-quarter earnings on Thursday but warned that floating storage demand dissipated sooner than it expected.
Leading tanker operator Euronav <EUAV.BR> posted record high first-quarter results on Thursday and expects strong demand for oil storage at sea to continue in 2020, driving its shares up 8.5%.
Over 100 tankers are estimated to be storing tens of millions of barrels of crude oil at sea, bolstering prospects for players in the sector, the chief executive of leading tanker group Euronav said on Thursday.
Belgian tanker operator Euronav reported record first-quarter results on Thursday, driven by strong demand for its vessels, with management saying it believes this would further continue in 2020.
* UNDERLYING CRUDE TANKER MARKET FUNDAMENTALS REMAIN CONSTRUCTIVE
* CURRENTLY COMPLETING CONSTRUCTION AT DSME SHIPYARD IN SOUTH KOREA THIS MODERN ECO- VLCC IS BEING ACQUIRED FOR USD 93 MILLION
Belgian tanker operator Euronav signed a service agreement on Tuesday making Malaysia's Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes, the port operator said.
* Euronav's Oceania ULCC anchored in Linggi with 420KT of LSFO
Leading Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulfur emissions from ocean-going vessels, a company executive said on Tuesday.
Euronav, one of the largest tanker companies in the world, will deploy one of its two ultra large crude carriers (ULCC) to store cleaner marine fuel ahead of a major regulatory change in 2020, the Belgium-headquartered group said on Friday.
* GENER8 MARITIME - CO'S CURRENT DIRECTORS, 1 FORMER DIRECTOR, EURONAV ENTERED INTO MOU WITH PLAINTIFFS OF 2 LAWSUITS TO SETTLE ACTIONS OF THE LAWSUITS
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