Edition:
United Kingdom

Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

7.10EUR
9 Dec 2018
Change (% chg)

€-0.31 (-4.18%)
Prev Close
€7.41
Open
€7.39
Day's High
€7.45
Day's Low
€7.09
Volume
432,203
Avg. Vol
480,599
52-wk High
€8.56
52-wk Low
€6.27

Latest Key Developments (Source: Significant Developments)

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

Euronav And Gener8 Maritime Announce Merger Agreement‍​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - EURONAV NV ::AND GENER8 MARITIME, INC. ANNOUNCE MERGER AGREEMENT‍​.GENER8 WOULD BECOME A WHOLLY-OWNED SUBSIDIARY OF EURONAV.- 0.7272 EURONAV SHARES ISSUED FOR EACH SHARE OF GENER8.- ISSUANCE OF APPROXIMATELY 60.9 MILLION NEW EURONAV SHARES TO GENER8 SHAREHOLDERS..EXCHANGE RATIO IMPLIES A PREMIUM OF 35% PAID ON GENER8 SHARES BASED ON THE CLOSING SHARE PRICES ON 20 DECEMBER 2017.- EXCHANGE RATIO IMPLIES A PREMIUM OF 35% PAID ON GENER8 SHARES.- MERGER WILL RESULT IN EURONAV SHAREHOLDERS OWNING ABOUT 72% OF THE ISSUED SHARE CAPITAL OF THE COMBINED ENTITY.EURONAV AS THE COMBINED ENTITY WILL REMAIN LISTED ON NYSE AND EURONEXT.EXPECT MERGER TO ALLOW EURONAV TO RETAIN THE SAME DISCIPLINED DIVIDEND POLICY FOR THE COMBINED ENTITY.CARL STEEN, PADDY RODGERS AND HUGO DE STOOP WILL REMAIN RESPECTIVELY CHAIRMAN OF THE BOARD, CEO AND CFO OF THE COMBINED ENTITY.EURONAV NV BOARD HAS UNANIMOUSLY APPROVED TRANSACTION AND MERGER DOES NOT REQUIRE APPROVAL OF EURONAV'S SHAREHOLDERS.  Full Article

Tanker Owner Euronav Nears Deal To Merge With Gener8 Maritime- WSJ
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - :TANKER OWNER EURONAV NEARS DEAL TO MERGE WITH RIVAL GENER8 MARITIME - WSJ, CITING A SOURCE‍​.  Full Article

Euronav Sells VLCC Flandre For 45 Million Dollars For Offshore Project
Tuesday, 5 Dec 2017 

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

Ship financiers back tougher action to cut CO2 emissions at sea

LONDON, Oct 24 Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.