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Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

7.45EUR
23 May 2018
Change (% chg)

€0.13 (+1.78%)
Prev Close
€7.32
Open
€7.28
Day's High
€7.49
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€7.24
Volume
566,267
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467,523
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€8.05
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€5.97

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Gener8 Maritime - Plaintiffs Of Two Lawsuits "Challenge" Co's Proposed Merger With Euronav

* GENER8 MARITIME - CO'S CURRENT DIRECTORS, 1 FORMER DIRECTOR, EURONAV ENTERED INTO MOU WITH PLAINTIFFS OF 2 LAWSUITS TO SETTLE ACTIONS OF THE LAWSUITS