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Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Euronav Sells VLCC Flandre For 45 Million Dollars For Offshore Project
Tuesday, 5 Dec 2017 02:12am EST 

Dec 5 (Reuters) - Euronav Nv ::EURONAV SELLS VLCC FLANDRE FOR USD 45 MILLION FOR OFFSHORE PROJECT.SOLD THE VLCC FLANDRE (2004 - 305,688 DWT) FOR USD 45 MILLION‍​.VLCC FLANDRE SOLD TO GLOBAL SUPPLIER AND OPERATOR OF OFFSHORE FLOATING PLATFORMS.CAPITAL GAIN OF APPROX USD 20.3 MILLION ON SALE WILL BE RECORDED IN CURRENT QUARTER.VESSEL IS EXPECTED TO BE DELIVERED IN DECEMBER 2017.  Full Article

Euronav Sells Suezmax Cap Georges For $9.3 Million‍​
Thursday, 30 Nov 2017 02:08am EST 

Nov 30 (Reuters) - EURONAV NV ::HAS SOLD THE SUEZMAX CAP GEORGES (1998 - 146,652 DWT) FOR USD 9.3 MILLION‍​.COMPANY WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 8.5 MILLION IN THE CURRENT QUARTER.  Full Article

Euronav sells the VLCC Artois for 22 million dollars ‍​
Friday, 24 Nov 2017 02:30am EST 

Nov 24 (Reuters) - EURONAV NV ::HAS SOLD THE VLCC ARTOIS (2001 - 298,330 DWT) FOR USD 22 MILLION.‍​.COMPANY WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 7.7 MILLION ON THE SALE.COMPANY WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 7.7 MILLION ON THE SALE TO BE RECORDED IN THE CURRENT QUARTER‍​.  Full Article

Châteauban SA reports 5.4 pct passive stake in euronav NV
Tuesday, 14 Nov 2017 12:22pm EST 

Nov 14 (Reuters) - Châteauban SA::Châteauban SA reports 5.4 percent passive stake in Euronav NV as of November 7 - SEC filing‍​.  Full Article

BRIEF-Euronav Q3 EBITDA at 40.8 million dollars
Tuesday, 31 Oct 2017 03:13am EDT 

Refiles to capitalise, rephrase headline:SO FAR IN Q4, SUEZMAX FLEET TRADING ON SPOT MARKET EARNED ABOUT $16,000 PER DAY ON AVERAGE; 56% AVAILABLE DAYS FIXED (ADDS PERIOD).Q3 VLCC AVERAGE SPOT RATE PER DAY (IN TI POOL) $18,875 ‍​ VERSUS $27,100 YEAR AGO.Q3 VLCC AVERAGE TIME CHARTER RATE PER DAY $39,875 ‍​ VERSUS $41,480 YEAR AGO.Q3 LOSS FOR THE PERIOD $ ‍​ 28.1 MILLION VERSUS LOSS OF $39.6 MILLION IN REUTERS POLL.Q3 SUEZMAX AVERAGE SPOT RATE PER DAY $15,670 ‍​ VERSUS $ 19,045 YEAR AGO.Q3 REVENUE $ ‍​104.8 MILLION VERSUS $96.7 MILLION IN REUTERS POLL.Q3 SUEZMAX AVERAGE TIME CHARTER RATE PER DAY $21,210 ‍​ VERSUS $21,575 YEAR AGO.Q3 EBITDA $ 40.8‍​ MILLION.THE OUTLOOK REMAINS MIXED‍​.SO FAR IN Q4, VLCC FLEET IN TANKERS INTERNATIONAL POOL EARNED ABOUT $26,000; 45% AVAILABLE DAYS ARE FIXED.  Full Article

Euronav says $150 million senior unsecured bonds listed on Oslo Stock Exchange
Monday, 23 Oct 2017 03:38am EDT 

Oct 23 (Reuters) - EURONAV NV ::$150 MILLION SENIOR UNSECURED BONDS ISSUED BY EURONAV LUXEMBOURG ARE LISTED ON OSLO STOCK EXCHANGE AS OF 23 OCT‍​.  Full Article

Euronav Q2 EBITDA at $43.5 million euros in line with Reuters poll
Thursday, 10 Aug 2017 02:04am EDT 

Aug 10 (Reuters) - EURONAV NV ::PUBLISHES H1 RESULTS.Q2 VLCC AVERAGE SPOT RATE (IN TI POOL) PER DAY $28,351 VERSUS $47,864 YEAR AGO.Q2 VLCC AVERAGE TIME-CHARTER RATE PER DAY $41,480 VERSUS $44,382 YEAR AGO.Q2 SUEZMAX AVERAGE SPOT RATE PER DAY $17,341‍​ VERSUS $33,119 YEAR AGO.WILL PAY AN INTERIM DIVIDEND OF USD 0.06 PER SHARE FOR THE FIRST HALF OF 2017..Q2 SUEZMAX AVERAGE TIME-CHARTER RATE PER DAY $21,651‍​ VERSUS $26,363 YEAR AGO.Q2 REVENUE $126.4 MILLION VERSUS $117 MILLION IN REUTERS POLL.EURONAV NV Q2 REUTERS POLL: REVENUE $117 MILLION; EBITDA $43.1 MILLION; NET LOSS OF $21.6 MILLION.FSO CONTRACTS EXTENSION PROVIDES FURTHER FIXED INCOME UNTIL 2022.Q2 EBITDA $43.5 MILLION VERSUS $43.1 MILLION IN REUTERS POLL.Q2 LOSS $24.2 MILLION VERSUS LOSS OF $21.6 MILLION IN REUTERS POLL.EURONAV NV - KEY CHALLENGE FOR TANKER MARKET IS CONCENTRATION OF DELIVERIES OF NEWBUILDINGS OVER NEXT 18 MONTHS.EURONAV - NEWBUILDS ENTERING THE MARKET IS PUTTING PRESSURE ON FREIGHT RATE.EURONAV - SO FAR IN Q3, ITS VLCC FLEET OPERATED IN TANKERS INTERNATIONAL POOL EARNED ABOUT $20,000 AND 61% OF AVAILABLE DAYS HAVE BEEN FIXED​.EURONAV - SO FAR IN Q3, ITS SUEZMAX FLEET TRADING ON SPOT MARKET EARNED $14,700/DAY ON AVERAGE WITH 60% OF AVAILABLE DAYS FIXED.  Full Article

Euronav JV with International Seaways to continue current contractual service FSOs Africa & Asia
Wednesday, 17 May 2017 12:48am EDT 

May 17 (Reuters) - EURONAV NV :SAYS JV WITH INTERNATIONAL SEAWAYS HAS SIGNED CONTRACT FOR 5 YEARS FOR THE FSO AFRICA AND FSO ASIA IN DIRECT CONTINUATION OF THE CURRENT CONTRACTUAL SERVICE.CONTRACT WAS SIGNED WITH NORTH OIL COMPANY ("NOC"), THE FUTURE OPERATOR OF THE AL-SHAHEEN OIL FIELD.NEW CONTRACTS ARE EXPECTED OVER THEIR FULL DURATION TO GENERATE EBITDA IN EXCESS OF USD 360 MILLION FOR THE JOINT VENTURES.NEW CONTRACTS WILL HAVE A DURATION OF FIVE YEARS STARTING AT THE EXPIRY OF THE EXISTING CONTRACTS WITH MAERSK OIL QATAR.BASED ON EURONAV'S 50% OWNERSHIP IN THE JOINT VENTURES THE FIVE YEAR CONTRACTS ARE EXPECTED TO GENERATE IN EXCESS OF USD 180 MILLION OF EBITDA FOR THE COMPANY.  Full Article

Euronav successfully places new senior unsecured bond issue
Tuesday, 16 May 2017 12:10pm EDT 

May 16 (Reuters) - EURONAV NV :SUCCESSFULLY PLACES NEW SENIOR UNSECURED BOND ISSUE.EURONAV LUXEMBOURG HAS SUCCESSFULLY COMPLETED A NEW SENIOR UNSECURED BOND ISSUE OF $150 MILLION WITH COUPON OF 7.50% AND MATURITY IN MAY 2022.OFFERING WAS SUBSTANTIALLY OVERSUBSCRIBED.  Full Article

Euronav: New long-term time charters and fleet renewal
Tuesday, 9 May 2017 03:50am EDT 

May 9 (Reuters) - EURONAV NV ::NEW LONG-TERM TIME CHARTERS AND FLEET RENEWAL.SIGNED ADDITIONAL 2 LONG-TERM TIME CHARTER CONTRACTS OF 7 YEARS EACH WITH VALERO ENERGY INC. FOR SUEZMAX VESSELS WITH SPECIALISED ICE CLASS 1C CAPABILITY STARTING IN LATE 2018.THIS BRINGS TO FOUR THE NUMBER OF LONG-TERM (SEVEN YEARS) SUEZMAX TIME CHARTER CONTRACTS THE COMPANY HAS WITHIN ITS PORTFOLIO.IN ORDER TO FULFIL THESE CONTRACTS, EURONAV HAS ORDERED TWO HIGH SPECIFICATION ICE CLASS SUEZMAX VESSELS FROM HYUNDAI HEAVY INDUSTRIES SHIPYARD IN SOUTH KOREA.DELIVERY OF THESE VESSELS IS EXPECTED IN THE SECOND HALF OF 2018 WHEN EACH OF THE TIME CHARTER CONTRACTS WILL BEGIN.  Full Article

BRIEF-Châteauban SA reports 5.4 pct passive stake in euronav NV

* Châteauban SA reports 5.4 percent passive stake in Euronav NV as of November 7 - SEC filing‍​ Source text: (http://bit.ly/2zJnLnF) Further company coverage: