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Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

6.82EUR
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Latest Key Developments (Source: Significant Developments)

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

Euronav Sells Suezmax Cap Georges For $9.3 Million‍​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - EURONAV NV ::HAS SOLD THE SUEZMAX CAP GEORGES (1998 - 146,652 DWT) FOR USD 9.3 MILLION‍​.COMPANY WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 8.5 MILLION IN THE CURRENT QUARTER.  Full Article

Euronav sells the VLCC Artois for 22 million dollars ‍​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - EURONAV NV ::HAS SOLD THE VLCC ARTOIS (2001 - 298,330 DWT) FOR USD 22 MILLION.‍​.COMPANY WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 7.7 MILLION ON THE SALE.COMPANY WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 7.7 MILLION ON THE SALE TO BE RECORDED IN THE CURRENT QUARTER‍​.  Full Article

Châteauban SA reports 5.4 pct passive stake in euronav NV
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Châteauban SA::Châteauban SA reports 5.4 percent passive stake in Euronav NV as of November 7 - SEC filing‍​.  Full Article

BRIEF-Euronav Q3 EBITDA at 40.8 million dollars
Tuesday, 31 Oct 2017 

Refiles to capitalise, rephrase headline:SO FAR IN Q4, SUEZMAX FLEET TRADING ON SPOT MARKET EARNED ABOUT $16,000 PER DAY ON AVERAGE; 56% AVAILABLE DAYS FIXED (ADDS PERIOD).Q3 VLCC AVERAGE SPOT RATE PER DAY (IN TI POOL) $18,875 ‍​ VERSUS $27,100 YEAR AGO.Q3 VLCC AVERAGE TIME CHARTER RATE PER DAY $39,875 ‍​ VERSUS $41,480 YEAR AGO.Q3 LOSS FOR THE PERIOD $ ‍​ 28.1 MILLION VERSUS LOSS OF $39.6 MILLION IN REUTERS POLL.Q3 SUEZMAX AVERAGE SPOT RATE PER DAY $15,670 ‍​ VERSUS $ 19,045 YEAR AGO.Q3 REVENUE $ ‍​104.8 MILLION VERSUS $96.7 MILLION IN REUTERS POLL.Q3 SUEZMAX AVERAGE TIME CHARTER RATE PER DAY $21,210 ‍​ VERSUS $21,575 YEAR AGO.Q3 EBITDA $ 40.8‍​ MILLION.THE OUTLOOK REMAINS MIXED‍​.SO FAR IN Q4, VLCC FLEET IN TANKERS INTERNATIONAL POOL EARNED ABOUT $26,000; 45% AVAILABLE DAYS ARE FIXED.  Full Article

Euronav says $150 million senior unsecured bonds listed on Oslo Stock Exchange
Monday, 23 Oct 2017 

Oct 23 (Reuters) - EURONAV NV ::$150 MILLION SENIOR UNSECURED BONDS ISSUED BY EURONAV LUXEMBOURG ARE LISTED ON OSLO STOCK EXCHANGE AS OF 23 OCT‍​.  Full Article

Euronav announces deferral of VLCC resale deliveries into Q1 2017
Friday, 14 Oct 2016 

Euronav NV : Announces it has agreed with Hyundai Heavy Industries (HHI) <009540.KS> shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017 . Vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017 .Amount of approximately USD 97 million expected to be paid to shipyard during Q4 2016 is now expected to be paid in Q1 2017.  Full Article

UPDATE 1-Euronav freight rates slide but beat market expectations

Jan 25 Belgian crude oil shipper Euronav's freight rates in the fourth quarter hit their lowest level since 2012, hurt by excess available tonnage, the company said on Thursday.