Tanker boom pushes Euronav’s earnings up
A recovery of the tanker market led to the best three-month period since 2008 for Belgian tanker company Euronav. The company has decided not to exercise an option for four new VLCCs.
BY OLE ANDERSEN
The Belgian tanker carrier Euronav landed operating profit (EBITDA) of USD 127.9 million and net profit of USD 72.2 million in the third quarter of 2015, the company, which pulled off a Wall Street IPO earlier in the year, says in a press release.
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