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Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

7.86EUR
12:26pm BST
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€-0.20 (-2.48%)
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€8.06
Open
€8.00
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€8.00
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€7.80
Volume
104,112
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444,549
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€9.14
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€5.95

Latest Key Developments (Source: Significant Developments)

Euronav Q1 Loss Swings To Profit Of $ 19.5 Million
Tuesday, 30 Apr 2019 

April 30 (Reuters) - EURONAV NV ::EURONAV ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 VLCC AVERAGE SPOT RATE (IN TI POOL) $35,195 VERSUS $18,725 YEAR AGO.Q1 REVENUE $ 232.6 MILLION VERSUS $98.1 MILLION YEAR AGO.THE RESILIENCE OF FREIGHT RATES DURING Q1 IS AN ENCOURAGING SIGNAL.Q1 SUEZMAX AVERAGE SPOT RATE $27,380 VERSUS $14,000 YEAR AGO.Q1 EBITDA $ 124.0 MILLION VERSUS $126.3 MILLION IN REUTERS POLL.Q1 VLCC AVERAGE TIME CHARTER RATE $27,630 VERSUS $34,000 YEAR AGO.Q1 SUEZMAX AVERAGE TIME CHARTER RATE $32,680 VERSUS $23,850 YEAR AGO.Q1 PROFIT FOR THE PERIOD $ 19.5 MILLION VERSUS PROFIT OF $28.0 MILLION IN REUTERS POLL.PROPOSING TO PAY A FINAL CASH DIVIDEND OF USD 6C PER SHARE.DYNAMIC OF THE TANKER MARKET WILL BE TO EXPECT SOME SEASONAL FREIGHT RATE WEAKNESS DURING THE SPRING/SUMMER PERIOD.IT IS ANTICIPATED HOWEVER THAT THIS SEASONAL PRESSURE WILL BE SHORTER THAN USUAL AS A NUMBER OF HEADWINDS GIVE WAY TO TAILWINDS DURING H2 ONWARDS.SO FAR IN Q2 VLCC FLEET OPERATED IN TANKERS INTERNATIONAL POOL HAS EARNED ABOUT USD 26,450.WE EXPECT VESSEL SUPPLY TO BE DISRUPTED BY IMO MOTIVATED RETROFITTING OF SCRUBBERS.SO FAR IN Q2 SUEZMAX FLEET TRADING ON SPOT MARKET HAS EARNED ABOUT USD 18,000 PER DAY ON AVERAGE WITH 49.3% OF AVAILABLE DAYS FIXED.  Full Article

Euronav Announces Hugo De Stoop As New Euronav CEO
Thursday, 28 Mar 2019 

March 28 (Reuters) - EURONAV NV ::HUGO DE STOOP ANNOUNCED AS NEW EURONAV CEO.COMPANY HAS NOW STARTED A SEARCH FOR A NEW CFO.IT IS ANTICIPATED THAT HIS NEW ROLE WILL COMMENCE FOLLOWING A BRIEF HANDOVER PERIOD WHICH IS EXPECTED TO TAKE PLACE IN THE COURSE OF THE SECOND QUARTER OF THIS YEAR.CURRENT CFO HUGO DE STOOP WILL SUCCEED PADDY RODGERS AS CEO.  Full Article

Euronav Sells LR1 Genmar Compatriot For USD 6.75 Million
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - EURONAV NV ::ANNOUNCES THAT COMPANY HAS SOLD LR1 GENMAR COMPATRIOT (2004 - 72,768 DWT) FOR USD 6.75 MILLION.VESSEL WILL BE DELIVERED TO HER NEW OWNERS IN COURSE OF APRIL 2019.WILL RECORD A CAPITAL GAIN OF APPROXIMATELY USD 0.4 MILLION IN Q2.  Full Article

Euronav Paddy Rodgers To Step Down As CEO In 2019
Monday, 4 Feb 2019 

Feb 4 (Reuters) - EURONAV NV ::PADDY RODGERS TO STEP DOWN AS EURONAV CEO IN 2019.EURONAV WILL NOW COMMENCE A RECRUITMENT PROCESS FOR A NEW CEO WITH PADDY REMAINING IN HIS POSITION UNTIL A SUCCESSOR IS APPOINTED TO FACILITATE AN EFFICIENT TRANSITION PERIOD.  Full Article

Euronav To Propose A Gross Dividend Of $0.12 For 2017
Wednesday, 21 Mar 2018 

March 21 (Reuters) - EURONAV NV ::TO PROPOSE A GROSS DIVIDEND OF USD 0.12 FOR 2017.  Full Article

Euronav Announces Final Year Results 2017
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Euronav Nv ::EURONAV ANNOUNCES FINAL YEAR RESULTS 2017.  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

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