Euronav continues to surf strong tanker business cycle

Euronav was named company of the year by the British shipping newspaper ‘Lloyd’s List’ only at the beginning of this month. Its third-quarter figures show once again that “the world’s largest independent listed crude oil shipping company” did not win that award without reason. With an ebitda of no less than $135.9 million, the group posted its best performance in that quarter in seven years. Net income flipped from a loss of $20.6 million to a profit of $72.2 million.