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Euronav NV

EUAV.BR

Latest Trade

9.83EUR

Change

-0.08(-0.81%)

Volume

867,030

Today's Range

9.82

 - 

10.33

52 Week Range

6.46

 - 

11.77

As of on the Euronext Brussels ∙ Minimum 15 minute delay

Latest Developments

Euronav's Return To Shareholders Policy Targets 80% Of Net Income

Jan 9 (Reuters) - EURONAV NV <EUAV.BR>::RETURN TO SHAREHOLDERS POLICY TARGETING 80% OF NET INCOME.AS FROM FIRST QUARTER 2020 RESULTS, DIVIDENDS WILL BE PAID QUARTERLY.80% TARGET RETURN WILL ALREADY APPLY TO THE 2019 FINAL RESULTS.EACH QUARTER WILL TARGET TO RETURN 80% OF NET INCOME (INCLUDING FIXED ELEMENT OF USD 3C PER QUARTER) TO SHAREHOLDERS.

Euronav Announces Sale, Leaseback Agreement For Three VLCC Vessels

Jan 2 (Reuters) - Euronav NV <EUAV.BR>::SALE AND LEASEBACK OF THREE VLCCS.TRANSACTION PRODUCED A CAPITAL GAIN OF ABOUT USD 23.0 MILLION AND WILL BE BOOKED AS AN OPERATING LEASE UNDER IFRS.SALE AND LEASEBACK AGREEMENT FOR THREE VLCC VESSELS WITH TAIPING & SINOPEC FINANCIAL LEASING LTD CO.AFTER REPAYMENT OF EXISTING DEBT, TRANSACTION GENERATED USD 66.6 MILLION FREE CASH. VESSELS WERE DELIVERED TO THEIR NEW OWNERS ON 30 DECEMBER 2019.VESSELS WERE SOLD FOR A NET EN-BLOC PURCHASE PRICE OF USD 126 MILLION.EURONAV HAS LEASED BACK THREE VESSELS UNDER A 54-MONTHS BAREBOAT CONTRACT AT AN AVERAGE RATE OF USD 20,681 PER DAY PER VESSEL.

Euronav Acquires Two Suezmax Vessels In Joint Venture

Nov 19 (Reuters) - EURONAV NV <EUAV.BR>::EURONAV ACQUIRES TWO SUEZMAX IN JOINT VENTURE.JOINT VENTURE TOGETHER WITH AFFILIATES OF RIDGEBURY TANKERS AND CLIENTS OF TUFTON OCEANIC.EACH 50%-50% JOINT VENTURE COMPANY HAS ACQUIRED ONE SUEZMAX VESSEL. EURONAV WILL ALSO PROVIDE FINANCING FOR THE JOINT VENTURES ON COMMERCIALLY ATTRACTIVE TERMS.JOINT VENTURES HAVE ACQUIRED THE TWO SUEZMAX TANKERS FOR USD 40.6 MILLION WITH THE VESSELS BEING DELIVERED FOR THE WINTER SPOT MARKET 2019/2020 (ONE VESSEL DELIVERED WITH IMMEDIATE EFFECT AND ONE VESSEL EXPECTED TO BE DELIVERED BEFORE THE END OF THE MONTH).BOTH VESSELS WILL BE COMMERCIALLY MANAGED BY EURONAV’S CHARTERING DESK.

Euronav 9-Month EBITDA Up At $279.7 Million

Oct 29 (Reuters) - Euronav NV <EUAV.BR>::VERY STRONG START TO Q4 - VLCC RATES BOOKED AT USD 60,900 PER DAY SO FAR.EURONAV TO PAY QUARTERLY DIVIDENDS STARTING IN COURSE OF 2020.EURONAV HAS 90% OF TRADING FLEET EXPOSED TO SPOT MARKET FOR Q419/Q120.EURONAV IS PLEASED TO ANNOUNCE THAT MRS. LIEVE LOGGHE WILL JOIN THE COMPANY AS CHIEF FINANCIAL OFFICER.9-MONTH EBITDA $279.7 MILLION VERSUS $132.7 MILLION YEAR AGO.9-MONTH LOSS FOR THE PERIOD $41.9 MILLION VERSUS LOSS OF $110.3 MILLION YEAR AGO.9-MONTH REVENUE $577.2 MILLION VERSUS $363.9 MILLION YEAR AGO.LIEVE LOGGHE WILL SUCCEED HUGO DE STOOP WHO TOOK ROLE AS CEO.COMPANY INTENDS TO EFFECTIVELY INTRODUCE QUARTERLY DIVIDENDS IN COURSE OF 2020.TANKER MARKET: FREIGHT RATE DEVELOPMENT DURING Q3 WAS LOWER THAN ANTICIPATED AS THE REFINERY MAINTENANCE PROGRAM WAS LONGER AND MORE PRONOUNCED THAN FORECAST.SO FAR IN THE FOURTH QUARTER OF 2019, THE EURONAV VLCC FLEET OPERATED IN THE TANKERS INTERNATIONAL POOL HAS EARNED ABOUT USD 60,900 PER DAY, WITH 60% OF THE AVAILABLE DAYS FIXED.EURONAV’S SUEZMAX FLEET TRADING ON THE SPOT MARKET HAS EARNED ABOUT USD 27,300 PER DAY ON AVERAGE, WITH 48% OF THE AVAILABLE DAYS FIXED.THE CURRENT QUARTER HAS STARTED VERY STRONGLY WITH SOME TRADING ROUTES RECORDING NEARLY ALL-TIME HIGH FREIGHT RATES.ROBUST UNDERLYING FUNDAMENTALS OF VESSEL SUPPLY AND DEMAND ARE SUPPORTIVE TO A STRONGER FREIGHT MARKET OF SOME DURATION.EFFECTS OF IMO 2020 SHOULD BE A POSITIVE OVERLAY DURING THE CURRENT AND SUBSEQUENT QUARTERS.

Euronav Q2 EBITDA At EUR 65 mln

Aug 8 (Reuters) - Euronav NV <EUAV.BR>::EURONAV ANNOUNCES SECOND QUARTER AND FIRST HALF 2019 RESULTS.Q2 VLCC AVERAGE SPOT RATE (IN TI POOL) $23,218 VERSUS $16,751 YEAR AGO.PROSPECTS GIVE ENCOURAGEMENT FOR Q4.Q2 VLCC AVERAGE TIME CHARTER RATE $27,165 VERSUS $34,976 YEAR AGO.Q2 REVENUE $169.3 MILLION VERSUS $104.6 MILLION YEAR AGO.Q2 SUEZMAX AVERAGE TIME CHARTER RATE $30,375 VERSUS $20,882 YEAR AGO.SO FAR IN Q3, VLCC FLEET OPERATED IN THE TANKERS INTERNATIONAL POOL HAS EARNED ABOUT USD 20,600 PER DAY AND 65% OF AVAILABLE DAYS HAVE BEEN FIXED.Q2 SUEZMAX AVERAGE SPOT RATE $17,217 VERSUS $12,883 YEAR AGO.SO FAR IN Q3 EURONAV'S SUEZMAX FLEET TRADING ON THE SPOT MARKET HAS EARNED ABOUT USD 15,800 PER DAY ON AVERAGE WITH 58% OF THE AVAILABLE DAYS FIXED.REFINERY PRODUCTION IS ANTICIPATED TO RETURN TO HIGHER LEVELS FOR THIS PERIOD AHEAD OF IMO 2020'S INTRODUCTION IN JANUARY NEXT YEAR.Q2 LOSS FOR THE PERIOD $38.6 MILLION VERSUS LOSS OF $12.5 MILLION YEAR AGO.US CRUDE EXPORT GROWTH CONTINUES AND THE RECENT MARK OF 3.9M BPD IN JUNE REFLECTS THAT INFRASTRUCTURE BOTTLENECKS ARE BEING OVERCOME.Q2 EBITDA $65 MILLION VERSUS $62.3 MILLION YEAR AGO.

Euronav Sells Its Oldest VLCC For Offshore Project

Aug 6 (Reuters) - EURONAV NV <EUAV.BR>::EURONAV SELLS ITS OLDEST VLCC FOR OFFSHORE PROJECT.A CAPITAL GAIN ON SALE OF APPROXIMATELY USD 14.4 MILLION WILL BE RECORDED DURING CURRENT QUARTER.EURONAV SOLD ITS OLDEST VLCC, BRINGING TOTAL BALANCE OF ITS VLCC FLEET TO 42 VLCCS, WITH AN AVERAGE AGE OF 6.7 YEARS.

Euronav Completes Tap Issue Under Its Senior Unsecured Bonds

June 14 (Reuters) - EURONAV NV <EUAV.BR>::EURONAV SUCCESSFULLY COMPLETES TAP ISSUE UNDER ITS SENIOR UNSECURED BONDS.THE TAP ISSUE WAS PRICED AT 101% OF PAR VALUE.ARCTIC SECURITIES AS, DNB MARKETS AND NORDEA ACTED AS JOINT LEAD MANAGERS IN CONNECTION WITH THE PLACEMENT OF THE TAP ISSUE.THE BONDS ARE GUARANTEED BY EURONAV NV, MATURE IN MAY 2022 AND CARRY A COUPON OF 7.50%..THE OUTSTANDING AMOUNT AFTER THE TAP ISSUE WILL BE USD 200 MILLION.

Euronav: Fixed Income Investor Call, Potential Tap Issue Under Senior Unsecured Bonds

June 12 (Reuters) - EURONAV NV <EUAV.BR>::EURONAV ANNOUNCES FIXED INCOME INVESTOR CALL AND POTENTIAL TAP ISSUE UNDER ITS SENIOR UNSECURED BONDS.TAP ISSUE UNDER CO'S OUTSTANDING SENIOR UNSECURED $150 MILLION BONDS DUE 31 MAY 2022 MAY FOLLOW SUBJECT TO INTER ALIA MARKET CONDITIONS.

Euronav Q1 Loss Swings To Profit Of $ 19.5 Million

April 30 (Reuters) - EURONAV NV <EUAV.BR>::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.

Euronav Announces Hugo De Stoop As New Euronav CEO

March 28 (Reuters) - EURONAV NV <EUAV.BR>::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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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