Euronav made more than USD 92 million in Q2

Belgian tanker carrier Euronav slightly surpassed analysts' expectations in the booming tanker market.

Photo: Euronav

Listed tanker carrier Euronav delivered a net profit of USD 92.4 million in the second quarter 2015, after achieving a USD 80.8 million in the previous three months, thus finishing the second quarter with a result slightly above analysts' expectations for the major crude carrier.

"Euronav has made further progress during Q2 by securing four modern VLCCs with the option for four more - at a very competitive price. This fleet rejuvenation was supported by a strong and stable rate environment during the second quarter which has continued into the current quarter," says Euronav CEO Paddy Rodgers in a comment on the interim report, published Thursday.

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