Tanker

Euronav expects rising rates in the coming months

With the recent Fredriksen deal, the Belgian tanker company sees itself well positioned for a crude oil market that is set to rise in the coming months.
Euronav expects rising demand for crude oil to pull rates north over the winter. | Photo: Pr / Euronav
Euronav expects rising demand for crude oil to pull rates north over the winter. | Photo: Pr / Euronav
by DANIEL LOGAN BERG-MUNCH

Euronav multiplies its bottom line in a third quarter where freight rates fell throughout the period.

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