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Euronav reports improvement in Q2 but still books a slight net loss

Belgian tanker major Euronav, which is in the process of merging with competitor Frontline, saw progress in the second quarter despite a minor net deficit.

Photo: PR / Euronav

Although tanker operator Euronav had a small deficit in Q2, the carrier advanced during the quarter – both in comparison to the corresponding period last year and the preceding quarter.

Net loss landed at USD 4.9m against USD 87.9m in 2021, according to a press release from the Belgian tanker carrier, which in recent months has been in the spotlight due to a planned merger with rival Frontline.

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