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...]
Euronav’s Giant ‘Oceania’ Starts 12,400-Mile Trip to Fuel-Storage Zone
By Jack Wittels and Timothy Abington (Bloomberg) --The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months. More than 1,200 feet long, 16 years old, and able to hold roughly a day of France’s and Britain’s combined oil consumption, Oceania … [Read more...]
Former Euronav CEO Paddy Rodgers to Join Royal Greenwich Museums as Director
Former Euronav CEO Paddy Rodgers has been appointed to the position of Director at the Royal Museums Greenwich in England, succeeding Kevin Fewster. Paddy Rodgers served as CEO of Euronav, one of the largest international shipping companies in the world, since 2000. Rodgers announced that he was stepping down from Euronav in February. Rodgers will take up … [Read more...]
Euronav Acquires Second of Two 3-Million-Barrel Supertankers Left in the World
Belgian tanker company Euronav has purchased the Ultra Large Crude Carrier Seaways Laura Lynn, making it the proud owner of the only two ULCCs in the world capable of holding up 3 million barrels of oil. Euronav Tankers acquired the Seaways Laura Lynn from Oceania Tanker Corporation, a subsidiary of International Seaways, for $32.5 million. Euronav has renamed the ULCC … [Read more...]
Euronav Becomes World’s Largest Independent Tanker Company as Merger with Gener8 Maritime Closes
Belgian tanker company Euronav has completed its merger with former rival Gener8 Maritime following approval from Gener8’s shareholders on Monday. The merger creates the world’s largest independent operator of large crude tankers. Through the merger, Euronav has an operating fleet of 74 crude tankers consisting of 43 Very Large Crude Carriers (VLCCs), 27 Suezmax tankers, … [Read more...]