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Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

8.47EUR
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Latest Key Developments (Source: Significant Developments)

Euronav Proposes A Dividend Of USD 6c Per Share For H2 2018
Wednesday, 20 Mar 2019 

Mar 21(Reuters) - EURONAV NV ::ANNOUNCED ON WEDNESDAY PROPOSAL TO PAY A FINAL CASH DIVIDEND OF USD 6C PER SHARE FOR H2 2018.IN TERMS OF FLEET GROWTH THE FIRST H1 2019 IS EXPECTED TO SEE A LARGE INFLUX OF NEWBUILDINGS IN THE VLCC SEGMENT.SUEZMAX MARKET IS EXPECTING A MORE MODERATE NEWBUILDING PROGRAMME IN H1 2019.  Full Article

Euronav Q4 EBITDA Increases To 102.3 Million Dollars
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - EURONAV NV ::EURONAV ANNOUNCES FOURTH QUARTER RESULTS 2018.STRONG START OF YEAR 2019.NEGATIVE FLEET GROWTH FOR VLCC SECTOR FOR CALENDAR 2018.Q4 VLCC AVERAGE SPOT RATE (IN TI POOL) $34,959 VERSUS $25,889 YEAR AGO.RETURN OF STRONG FREIGHT RATE MARKET DURING Q4 - HIGHEST IN TWO YEARS.Q4 VLCC AVERAGE TIME CHARTER RATE $31,797 VS $35,399 YEAR AGO.Q4 REVENUE $ 236.1 MILLION VERSUS $118.0 MILLION YEAR AGO.SO FAR IN Q1 OF 2019, EURONAV VLCC FLEET OPERATED IN TANKERS INTERNATIONAL POOL HAS EARNED ABOUT USD 41,000.ON TANKER MARKET: CHINESE IMPORTS HIT 10M BARRELS PER DAY FOR FIRST TIME IN NOVEMBER AND DECEMBER.Q4 SUEZMAX AVERAGE TIME CHARTER RATE $40,256 VERSUS $21,417 YEAR AGO.Q4 PROFIT FOR THE PERIOD $ 97 MILLION VERSUS $ 26.7 MILLION IN REUTERS POLL.Q4 EBITDA $102.3 MILLION VERSUS $87.9 MILLION YEAR AGO.ON TANKER MARKET: US CHINA TRADE TENSIONS HAVE LARGELY BYPASSED OIL MARKETS AS US CRUDE EXPORTS TO CHINA HAVE DIVERTED TO SIMILAR TON MILE DESTINATIONS.Q4 SUEZMAX AVERAGE SPOT RATE (IN TI POOL) $20,553 VERSUS $15,891 YEAR AGO.RETAINS FLEXIBILITY VIA A STRONG BALANCE SHEET, HIGH EXPOSURE TO 2019 TANKER MARKET WITH VERY LIMITED DRY DOCKING ACTIVITY AND ANTICIPATES FURTHER FREIGHT RATE RECOVERY DURING 2019.SAYS DYNAMISM WITHIN CRUDE TANKER MARKET IS LIKELY TO REMAIN ELEVATED DURING 2019.  Full Article

Euronav Sells Suezmax Vessel Felicity For Offshore Project
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - EURONAV NV ::EURONAV SELLS SUEZMAX FELICITY FOR OFFSHORE PROJECT.CAPITAL LOSS ON THE SALE OF APPROXIMATELY USD 3.0 MILLION WILL BE RECORDED IN Q4 2018.CASH GENERATED ON THIS TRANSACTION AFTER REPAYMENT OF DEBT WILL BE USD 21.1 MILLION.VESSEL HAS BEEN DELIVERED TO HER NEW OWNERS AND WILL BE CONVERTED INTO FPSO AND THEREFORE LEAVE WORLDWIDE TRADING FLEET.  Full Article

Euronav Q3 EBITDA Of 44.7 Million Dollars
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - EURONAV NV ::EURONAV ANNOUNCES THIRD QUARTER RESULTS 2018.Q3 REVENUE $ 161.2 MILLION.Q3 LOSS FOR THE PERIOD $58.7 MILLION.Q3 VLCC AVERAGE SPOT RATE PER DAY (IN TI POOL) $ 17,773 VERSUS $ 18,875 YEAR AGO.THE DIRECTION OF TRAVEL FOR THE LARGE TANKER MARKET HAS CHANGED FROM GOING SIDEWAYS TO UP - CEO.Q3 EBITDA $44.7 MILLION.Q3 VLCC AVERAGE TIME CHARTER RATE PER DAY $ 31,374 VERSUS $39,875 YEAR AGO.DEMAND FOR AND SUPPLY OF CRUDE HAS CONTINUED TO IMPROVE AS OPEC PRODUCTION HAS INCREASED - CEO.Q3 SUEZMAX AVERAGE SPOT RATE PER DAY $ 14,919 VERSUS $ 15,670 YEAR AGO.EURONAV’S SUEZMAX FLEET TRADING ON THE SPOT MARKET HAS EARNED ABOUT USD 19,171 PER DAY ON AVERAGE WITH 53% OF THE AVAILABLE DAYS FIXED..Q3 SUEZMAX AVERAGE TIME CHARTER RATE PER DAY $ 29,624 VERSUS $ 21,210 YEAR AGO.IDEALLY LEVERED TO AN UPGRADE ON IMPROVING TANKER CYCLE FUNDAMENTALS THROUGH 2019 -CEO.SEASONAL INCREASE IN FLOW OF CARGOES HAS KICK STARTED IMPROVING TANKER MARKET WHICH SHOULD CONTINUE TO BUILD THROUGH 2019.ANTICIPATES POSITIVE DEVELOPMENTS FROM REGULATORY CHANGES TO SHIPPING MARKETS FROM THE APPLICATION OF IMO 2020.” - CEO.  Full Article

Euronav Q4 VLCC Fleet Earned About 26,962 Dollars
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - EURONAV NV ::SO FAR IN THE FOURTH QUARTER OF 2018, THE EURONAV VLCC FLEET OPERATED IN THE TANKERS INTERNATIONAL POOL HAS EARNED ABOUT USD 26,962.  Full Article

Euronav NV Has Sold The Suezmax Cap Romuald For USD 10.6 Million
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Euronav NV ::SAYS HAS SOLD THE SUEZMAX CAP ROMUALD (1998 - 146,640 DWT) FOR USD 10.6 MILLION.THE VESSEL WAS DELIVERED TO HER NEW OWNERS ON 22 AUGUST.WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 9 MILLION IN THE CURRENT QUARTER..SAYS SALE OF THE CAP ROMUALD IS PART OF A FLEET REJUVENATION PROGRAM.  Full Article

Euronav H1 Revenue Down At 202.7 Million Dollars
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - EURONAV NV ::H1 REVENUE $202.7 MILLION VERSUS $290.6 MILLION YEAR AGO.EURONAV WILL PAY AN INTERIM DIVIDEND OF USD 0.06 PER SHARE FOR THE FIRST HALF OF 2018.Q2 VLCC AVERAGE SPOT RATE (IN TI POOL) PER DAY $16,751 VERSUS $28,351 YEAR AGO.VLCC FREIGHT RATES: IMPROVING AT THE START OF Q3.Q2 SUEZMAX AVERAGE SPOT RATE PER DAY $12,883 VERSUS $17,341 YEAR AGO.Q2 LOSS FOR THE PERIOD $12.5 MILLION VERSUS LOSS $ 64.4 MILLION IN REUTERS POLL.Q2 SUEZMAX AVERAGE TIME-CHARTER RATE PER DAY $20,882 VERSUS $21,651 YEAR AGO.Q2 VLCC AVERAGE TIME-CHARTER RATE PER DAY $34,976 VERSUS $41,480 YEAR AGO.CONCENTRATED NEWBUILDS DELIVERY SCHEDULE CONTINUES TO PROVIDE CHALLENGES.H1 EBITDA $88.03 MILLION VERSUS $144.8 MILLION YEAR AGO.  Full Article

Gener8 Maritime - Plaintiffs Of Two Lawsuits "Challenge" Co's Proposed Merger With Euronav
Friday, 11 May 2018 

May 11 (Reuters) - Euronav NV ::GENER8 MARITIME - CO'S CURRENT DIRECTORS, 1 FORMER DIRECTOR, EURONAV ENTERED INTO MOU WITH PLAINTIFFS OF 2 LAWSUITS TO SETTLE ACTIONS OF THE LAWSUITS.GENER8 MARITIME SAYS PLAINTIFFS OF THE 2 LAWSUITS "CHALLENGE" CO'S PROPOSED MERGER WITH EURONAV.  Full Article

Euronav Q1 EBITDA Down At $25.8 MILLION
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Euronav NV ::EURONAV ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 REVENUE $98.1 MILLION VERSUS $164.2 MILLION YEAR AGO.SO FAR IN Q2 EURONAV VLCC FLEET OPERATED IN THE TANKERS INTERNATIONAL POOL HAS EARNED ABOUT USD 13,187 AND 42% OF THE AVAILABLE DAYS HAVE BEEN FIXED.Q1 SUEZMAX AVERAGE SPOT RATE PER DAY $14,000 VERSUS $24,000 YEAR AGO.Q1 VLCC AVERAGE SPOT RATE (IN TI POOL) PER DAY $18.725 VERSUS $40,525 YEAR AGO.SO FAR IN Q2 EURONAV’S SUEZMAX FLEET TRADING ON THE SPOT MARKET HAS EARNED ABOUT USD 12,300 PER DAY ON AVERAGE WITH 46% OF THE AVAILABLE DAYS FIXED.Q1 EBITDA $25.8 MILLION VERSUS $101.3 MILLION YEAR AGO.Q1 SUEZMAX AVERAGE TIME-CHARTER RATE $23,850 VERSUS $23,875 YEAR AGO.Q1 VLCC AVERAGE TIME-CHARTER RATE PER DAY $34.000 VERSUS $41,150 YEAR AGO.Q1 LOSS FOR THE PERIOD $39.1 MILLION VERSUS PROFIT OF $34.3 MILLION YEAR AGO.CONFIDENT ON THE MEDIUM-TERM TRENDS FOR THE CRUDE TANKER MARKET..TO PROPOSE TO SHAREHOLDERS TO APPROVE FINAL DIVIDEND COVERING SECOND HALF OF 2017 FY OF USD 0.06 PER SHARE.  Full Article

Gener8 Maritime To Pay Euronav A Termination Fee Of $39 Mln, If Deal Is Terminated Under Certain Circumstances
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Euronav Nv ::GENER8 MARITIME SAYS CO MAY BE REQUIRED TO PAY EURONAV A TERMINATION FEE OF $39 MILLION, IF DEAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES- SEC FILING.  Full Article