Home World EURONAV announces first Quarter 2020 results

EURONAV announces first Quarter 2020 results

HIGHLIGHTS

  • Strong underlying tanker dynamics drive record quarterly results
  • Robust freight market improved by record contango price structure & storage

    requirements

  • Q2 trading VLCC rates so far USD 95,000 per day; Suezmax USD 65,500 per day
  • Q1 dividend and 2019 final dividend (USD 0.81 and USD 0.29 totaling USD 1.10)

    to be paid June 2020

    Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today reported its non-audited financial results for the first quarter of 2020 ended 31 March 2020.

    Hugo De Stoop, CEO of Euronav said: “The past few months have seen a number of disruptive and seismic events simultaneously impacting on the wider crude and tanker markets. Most importantly our primary focus has been on the wellbeing, protection and safety of our staff, seafarers and their families in the face of the threat from Covid-19. So far, the gyrations in the crude market have largely had positive implications for the crude tanker market.”

    Please click here q1-eurn-press-release-final-update to download the report

Source: Euronav