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Euronav NV (EUAV.BR)

EUAV.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Euronav reports Q2 net profit of $153.7 million
Thursday, 25 Aug 2016 

Euronav NV : Q2 net profit $153.7 million versus $62.0 million in Reuters poll . Q2 EBITDA $106 million versus $119 million in Reuters poll . Q2 revenue $189.6 million versus $176 million in Reuters poll . Says Q3 tanker trading remains weak in line with seasonal trading pattern – now likely to impact into Q4 . Interim dividend of $0.55 to be paid in September . Says "the third quarter is proving to be challenging" .Says "it is anticipated that the current market conditions will impact the fourth quarter".  Full Article

Euronav Q2 revenue of $189.6 million above estimates
Thursday, 28 Jul 2016 

Euronav Nv : Q2 revenue $189.6 million versus $176 million in Reuters poll . Q2 EBITDA $106.0 million versus $119 million in reuters poll . Q2 net profit $40.1 million versus $62.0 million in Reuters poll . Q2 profits affected for non-recurring charge related to suezmax joint ventures termination . Q2 VLCC average spot rate (in TI Pool) $47,864 versus $55,570 a year ago . Q2 VLCC average time-charter rate $44,382 versus $38,148 a year ago . Q2 suezmax average time-charter rate $26,363 versus $35,258 year ago . Q2 suezmax average spot rate $33,119 versus $41,886 a year ago . So far in Q3, the Euronav VLCC fleet operated in the tankers international pool has earned about $31,800/day, 50 pct of available days fixed . Suezmax trading on the spot market have earned about $20,900 per day on average with 39 pct of the available days fixed for the third quarter of 2016 . Believes current condition of lower seasonal freight rates are exacerbated by some short term disruptive factors and could persist through Q3 . The fall in the value of tanker prices that continued during Q2, has been interpreted as a confirmation that the freight rate cycle has peaked . Seasonal adjustment in freight rates has been exacerbated by combination of factors acting simultaneously to press freight rates lower . Anticipates a seasonal rate recovery into Q4 supported by recent upgrades in anticipated crude demand (IEA) and current disrupting market factors dissipating.  Full Article

Euronav, Diamond S Shipping and Frontline join in Suezmax Chartering joint venture
Thursday, 2 Jun 2016 

Euronav NV : Euronav, Diamond S Shipping and Frontline join in Suezmax Chartering joint venture . Aim of the joint venture is to create a single point of contact for cargo owners to access Suezmax vessels, including newbuildings, operated on the spot market .Joint venture will commence operation on June 2 from the existing offices of Euronav, Diamond S and Frontline Management As.  Full Article

BRIEF-Châteauban SA reports 5.4 pct passive stake in euronav NV

* Châteauban SA reports 5.4 percent passive stake in Euronav NV as of November 7 - SEC filing‍​ Source text: (http://bit.ly/2zJnLnF) Further company coverage: