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VLCC Suez and Aframax Energy

Euronav warns of challenging tanker market ahead

In a year that at times saw tanker owners rake in stratospherically high levels of earnings, the traditionally strong winter market could end up being a weak one as oil demand and supply pressures are expected to bite

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The tanker owner saw increased earnings in the third quarter of the year raising its total profits for 2020 to over $530m. But deteriorating market conditions mean the next few months may be tougher

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VLCC Suez and Aframax Energy
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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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