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Euronav loses USD 71 million in the first quarter

Like its competitors, Euronav had a tough start to 2021. The bottom line ends at a USD 71 million deficit for the first quarter. A weak market has continued into the second quarter, says CEO.

Photo: PR / Euronav

Tanker shipping company Euronav exits the first quarter of the year with a deficit on the bottom line.

The weak tanker market has resulted in a USD 71 million deficit on Euronav's bottom line. In comparison, the result for the same period last year was a USD 225.6 million profit, shows the company's quarterly report.

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