ShippingWatch

Euronav's result clearly worsened by downturn in tanker

As one of the world's largest transporters of crude oil, Belgium's Euronav has been struck by a market that is completely out of balance. The H1 result clearly reflects this.

Photo: Euronav

The world's large crude oil transporters such as Euronav and Frontline have long hoped for a better market and assumed that the surplus of supertankers would ease up so that nice finances could become a reality.

However, things have still not gone this way.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

Further reading

Related articles

Latest news

See all jobs