File photo courtesy Euronav By Jonathan Saul and Charles Regnier LONDON, May 7 (Reuters) - Leading tanker operator Euronav posted record high first-quarter results on Thursday and expects strong demand for oil storage at sea to continue in 2020, driving its shares up 8.5%. The world is still struggling with an oil glut due to a drop in demand caused by the … [Read more...]
Glencore Charters One of the World’s Biggest Tankers to Store Oil at Sea
The 441,561 dwt MT Europe is owned by Euronav. Photo: Euronav LONDON, March 17 (Reuters) - Trading house Glencore has chartered the 3 million barrel crude carrier 'Europe' to store oil at sea for at least 6 months, trading sources on Tuesday. The vessel is one of two so-called ultra large crude carriers (ULCC), the largest tankers in the … [Read more...]
Euronav Picks Malaysia Port for Low Sulphur Fuel Hub
By Roslan Khasawneh KUALA LUMPUR, Nov 12 (Reuters) - Belgian tanker operator Euronav signed a service agreement on Tuesday making Malaysia's Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes, the port operator said. "Linggi has a massive advantage, (being) right next to one of the busiest shipping lanes … [Read more...]
Top Tanker Operator Euronav Readies Fleet for IMO 2020
By Jonathan Saul LONDON, Oct 29 (Reuters) - Leading Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulphur emissions from ocean-going vessels, a company executive said on Tuesday. Ship owners must cut emissions by reducing the sulphur content in fuel to 0.5% from 3.5% under the rules, … [Read more...]
Euronav Storing Initial Supply of IMO 2020-Compliant Fuel On Board ULCC Oceania
Belgian tanker owner Euronav says it has so far procured 420,000 metric tons of low sulphur fuel oil which is storing aboard one of its ultra large crude carriers in preparation of the IMO 2020 fuel regulations. The company made the disclosure on Thursday along with additional details about its plan to comply with the upcoming low sulphur fuel regulations. Euronav says … [Read more...]