euronav in A Sentence

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    The enlarged operation will allow Euronav to meet these specifications.”.

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    2

    Members of Euronav board of directors and executive management will continue to serve in such positions.

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    3

    Through the merger, Euronav has grown its operating fleet to 74 crude tankers and two FSO vessels.

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    4

    He joined Euronav as a member of the Executive Committee in 1995, and was appointed Chief Financial Officer in 1998.

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    5

    Euronav is a founding member of the Tankers International VLCC pool which operates the largest modern fleet of VLCCs available today.

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    6

    Through the Merger and its related transactions, Euronav will have an operating fleet of 74 crude tankers and two FSO vessels.

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    7

    Euronav would then be expected to repurchase two of the 2016-built vessels from the Company for aggregate consideration of $143 million.

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    8

    Effective as of closing, Mr. Smith will join Euronav's board of directors to serve for a three year term as an independent director.

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    9

    With the transaction Euronav sold its oldest VLCC, bringing the total balance of its VLCC fleet to 42 VLCCs, with an average age of 6.7 years.

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    10

    Patrick(Paddy) Rodgers, the Chief Executive Officer(CEO) of Belgium's tanker shipping company Euronav, has decided to step down from his role during 2019 after 18 years of service.

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    11

    In June 2018 Euronav(NYSE: EURN), grew into a behemoth owning more than 70 vessels, predominantly Suezmaxes and VLCCs, after the deal was done following its merger with Gener8.

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    12

    The ship owner announced that its subsidiary Euronav Luxembourg has sold the VLCC vessel VK Eddie(2005- 305,261 dwt) to a global supplier and operator of offshore floating platforms.

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    13

    Euronav remains confident on the medium term prospects for the large tanker market and today we see some short term improvements in the supply of both crude and tankers.”.

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    14

    International Seaways announced that its joint ventures with Euronav NV, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, have closed on a $220 million credit facility.

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    15

    Together with the sale Euronav is taking in operation four new Suezmax vessels, of which two have already been delivered, with the remaining two due for delivery from the Hyundai yard in South Korea(HHI) during summer 2018.

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    16

    We are pleased to have concluded this transaction with Euronav, with whom we have had a close working relationship for over ten years as part of our FSO joint venture and in our leading VLCC pool, Tankers International.

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    17

    Paddy Rodgers, CEO Euronav, said:“Shipping has so far been exempt from regulations to address the issues around GHG emissions from fuels for ships but the IMO has, after consultation laid a pathway, which requires a fundamental change in the way we fuel our ships.

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    18

    In June 2018 Euronav(NYSE: EURN), grew into a behemoth owning more than 70 vessels, predominantly Suezmaxes and VLCCs, after the deal was done following its merger with Gener8(which was weighted down with vessels bought at market highs, including those acquired through an earlier combination with General Maritime).

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    19

    The tanker company providing energy transportation services for crude oil, petroleum products and liquefied natural gas announced in a press release that it has completed its previously announced acquisition of six 300,000 DWT VLCCs for a purchase price of $434 million, inclusive of assumed debt, from Euronav.

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    20

    This is confirmed by Paddy Rodgers, CEO Euronav, who said,“Shipping has so far been exempt from regulations to address the issues around GHG emissions from fuels for ships but the IMO has, after consultation laid a pathway, which requires a fundamental change in the way we fuel our ships.

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    21

    If the Company is unable to receive the necessary consents from the lenders of its existing term loan with respect to the transaction, the Company has agreed, if Euronav so elects, to purchase the holding companies for the six vessels for the same $434 million purchase price and may or may not assume the debt secured by the vessels.

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