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.
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.
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