ShippingWatch

Euronav expected better rates in the third quarter

Tanker shipping company Euronav saw a smaller increase in tanker rates in the third quarter than expected. Euronav furthermore appoints a new CFO, replacing the former one, who is now CEO.

Photo: PR/Euronav

Rates took longer to increase in the third quarter than tanker shipping company Euronav anticipated, writes the company in its interim financial report.

The slower increase is attributed to refineries taking longer to carry out maintenance programs than expected, which delayed rate increases.

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