Euronav closes 2018 with black figures in a tough year for tanker

The fourth quarter showed VLCC rates at their highest level in several years, which created a small plus in the first three months of the year for Belgium's Euronav. However, this was not enough to secure an annual profit for 2018, which was a tough year for the tanker industry.

Photo: Euronav

At the end of 2018, VLCC rates reached a level that had not been seen for the past two years. For major tanker carrier Euronav, this was enough to secure black figures on the bottom line in the fourth quarter.

2018 has generally been a tough year for the tanker sector, which saw big deficits for major players such as Euronav.

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