Euronav books loss in Q1 – predicts strengthened rates
Tanker carrier Euronav reduced its deficit in the first quarter. The company, which is proposed to merge with Frontline, is seeing a strengthening in freight rates.
by SØREN PICO
Euronav sets out with a deficit for the first months of the year in a period which for the Belgian tanker company’s part will probably be remembered first and foremost for a proposed merger with rivaling Frontline.
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