Tanker

Deutsche Bank projects third quarter loss for Euronav

Belgium's Euronav, which analysts view as the most robust crude oil carrier, just closed a weak third quarter and will deliver a deficit for the three months later this October, projects Deutsche Bank.
Photo: Euronav
Photo: Euronav
BY OLE ANDERSEN

The weakening of the global tanker market in crude oil will be reflected in financial reports from listed carriers. Deutsche Bank now predicts that Belgian Euronav, listed on the NYSE and in Brussels, will emerge with a deficit when the carrier publishes its third quarter interim report on October 31st.

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