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
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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