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Euronav sees rate hike for VLCCs and Suezmax

Stock-listed Belgian carrier Euronav achieved an operating profit of USD 68.6 million in the first half of the year, and the carrier plans to continue its buying streak following the Maersk purchase and other acquisitions.

Photo: Euronav

Belgian Euronav, which, among other things, acquired Maersk Tankers' VLCC fleet, achieved a net deficit of USD 21.2 million in the first half of 2014, compared to a USD 39.2 million deficit in the same period 2013, according to the carrier's new interim report.

The operating result, EBITDA, for the first six months of the year came to USD 68.6 million, affected by around USD 10 million in financial costs related to the Maersk transaction, compared to USD 44.7 million in the same period last year.

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