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Euronav back in the black

The tanker giant was hit hard in 2018 with a $110.3m loss after $1.4m profit in 2017. After nine months in a challenging market, its fortunes turned and VLCC and Suezmax rates climbed, allowing the company to generate a $97,000 profit

24 Jan 2019
News

Anastassios Adamopoulos @Anastassios_LL Anastassios.Adamopoulos@informa.com

The company reversed course in the fourth quarter to make a small profit amid higher tanker rates

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Companies
Euronav
Markets
Tankers and Gas
Sectors
Finance

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Euronav Tankers and Gas Finance

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Euronav back in the black

The tanker giant was hit hard in 2018 with a $110.3m loss after $1.4m profit in 2017. After nine months in a challenging market, its fortunes turned and VLCC and Suezmax rates climbed, allowing the company to generate a $97,000 profit

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