Euronav announces third quarter 2021 results

Nov 11 2021


Euronav NV(“Euronav” or the “Company”) reported its non-audited financial results for the third quarter ended 30 September 2021.

HIGHLIGHTS

• Several catalysts & seasonal trading patterns have triggered improved freight market from early September

• Despite this Q3 remained very challenging as it represented the trough of cycle

• New $200m corporate bond at lower coupon completed in September

• Q3 cash dividend of USD 3 c per share

• Sequential improvement in current quarter +49% in VLCC

• Q4 so far VLCC 46% at USD 13,440 per day; Suezmax 44% at USD 9,750 per day

 

Full report.

 

 



Related News

SCF concludes new international project financing for two shuttle tankers

(Nov 18 2021)

PAO Sovcomflot (SCF Group) has signed a new USD 110 million credit facility, for ten years, with three leading international banks: ING BANK N.V.; SMBC BANK EU AG and UNICREDIT BANK AG.



PAO Sovcomflot (SCF Group) Q3/9M results announcement

(Nov 18 2021)

SCF grows its fixed income industrial business further. The conventional tanker market shows signs of an upturn.



Pyxis Tankers financial results for three and nine months ended September 30, 2021

(Nov 18 2021)

Pyxis Tankers Inc. (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, announced its unaudited results for the three and nine month periods ended September 30, 2021.



Hafnia acquires a modern fleet of 32 fuel-efficient IMO II tankers

(Nov 18 2021)

Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI") has entered into a share purchase agreement to acquire all outstanding shares in Chemical Tankers Inc ("CTI") (the "Transaction"), thereby taking over control of CTI's fleet of 32 mod...



StealthGas Inc. announces record date for distribution of Imperial Petroleum Inc. shares

(Nov 18 2021)

StealthGas Inc. (the “Company”), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced that the record date for the spin-off distribution of common shares and 8.75% Series A...



Oct-Nov 2021

Behavioural competency assessment - crew mental health - Ardmore Shipping - understanding CII - rotor sails - aft peak tank ballast