Tanker

Euronav buys two vessels ahead of challenging quarter

Crude oil carrier Euronav has acquired two VLCCs still under construction. This is a good time to buy, as asset values are low, says CEO Paddy Rogers in relation to the carrier's final interim report for the second quarter.
Photo: Euronav
Photo: Euronav
BY JOHANNES HARTKOPF-MIKKELSEN

In light of many carriers' limited access to capital, prices for new tanker vessels are currently low, and this makes it a good time to go shopping, notes CEO Paddy Rogers of tanker carrier Euronav.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs