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Euronav fires back after price plunge in tanker shares

The Belgian tanker giant does not think the recent dive in share prices reflects the actual value of the company and the stock, the carrier writes in a comment.

Photo: Euronav

The investors' negative outlook for listed tanker carrier Euronav, which in 2015 was selected by analysts across the board as one of the most interesting shipping shares on the stock exchanges in New York and Brussels, does not reflect the actual and current value of the company, notes executive management at the Belgian tanker carrier Euronav in a so-called Trading Update on Friday in which the carrier explains that the recent dive in the share price - even compared to the group of competitors - does not reflect the value of the stock.

"Euronav believes that there is no objective justification for the downward movement of the share price," the carrier writes in the update.

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