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.
“The positive thesis for the tanker sector started in early 2014 continues to evolve as expected. The four key drivers of our business: robust demand for crude oil, moderate vessel supply, high supply of oil and continued ton-mile expansion – all delivered further gains in what is usually a seasonally weak quarter,” says Paddy Rodgers, CEO of Euronav.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.