Tanker

Euronav's fuel bet has regained some of its lost value

Tanker ship operator Euronav purchased large volumes of low-sulfur fuel oil last year ahead of the global sulfur cap. A big dive in fuel prices has lowered the value of the stockpiles considerably, though some of the value was regained in the second quarter.
Photo: PR / Euronav
Photo: PR / Euronav
by SØREN PICO

Belgian tanker shipping company Euronav's fuel stockpile is still worth significantly less than the company paid for it. But the stockpile has recently regained some of its lost value.

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