Euronav is the largest NYSE listed independent crude oil tanker company in the world. [5], On 5 January 2014 Euronav announced that it has entered into a contract to acquire 15 VLCC tankers from Maersk subsidiary Maersk Tankers Singapore in a deal worth USD 980 million. Our Standards: The Thomson Reuters Trust Principles. Euronav is a vertically integrated owner operator and manager able to provide complete shipping services in addition to its fleet of modern large tankers.

Euronav will have 72 percent of the shares, compared to 28 percent for the Gener8 stockholders. To comply, ship owners can use low-sulfur fuel, opt for other, more expensive clean fuels such as liquefied natural gas, or install exhaust gas cleaning systems known as scrubbers.

Supplementary to its in house fleet management, Euronav cooperates with established Ship management organizations for …

Euronav manages in-house the majority of its fleet which comprises of crude oil carriers ranging from Suezmax to Very Large and V-Plus and FSO. Euronav is a vertically integrated owner operator and manager able to provide complete shipping services in addition to its fleet of modern large tankers.

© 2020 Euronav, All rights reserved.

The company has so far opted for low sulfur fuel. Euronav also owns the only two operational megatankers, which can each carry up to 3 million barrels of oil. All quotes delayed a minimum of 15 minutes. As part of its strategy for IMO 2020, Euronav has purchased the equivalent of 420,000 tonnes of compliant fuel and marine gasoil, which it is storing onboard one of those vessels, the Oceania, off Singapore. LONDON (Reuters) - Leading Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulfur emissions from ocean-going vessels, a company executive said on Tuesday. Euronav vessels fly Belgian, Greek and French flag. Euronav is devoted to a teamwork culture where people work together for the overall success of the Company, onshore and at sea.

The fleet management is conducted by three wholly owned subsidiaries Euronav Ship Management SA and Euronav SAS, both French companies with headquarters in Nantes, France and with a major branch office in Antwerp, Belgium and Euronav Ship Management (Hellas) Ltd. with branch office in Athens, Greece. The fleet management is conducted by three wholly owned subsidiaries Euronav Ship Management SA and Euronav SAS, both French companies with headquarters in Nantes, France and with a major branch office in Antwerp, Belgium and Euronav Ship Management (Hellas) Ltd. with branch office in Athens, Greece.

[6] This deal will bring the number of ships from Euronav from thirtyfive to fifty. Euronav has excellent relations with all major oil majors. comprehensive health, safety, quality and environmental protection management system; global sourcing of bunkering, spares and equipment, and services for optimum synergies, pricing and quality; financial, information technology, human resources and legal services to support the Group's assets values; new building supervision, including pre- and post-contract consultancy and technical support; upgrade of assets for improved operational efficiency; crew and shore staff retention and wellbeing; dry-docking planning and repairs based on work list from dry-dock to dry-dock. Brian Gallagher, Euronav’s head of investor relations, said it had already completed the cleaning for some of its vessels. Euronav, one of the world’s biggest tanker players, has a fleet over 70 ships including 42 supertankers, which can each carry 2 million barrels of oil.

Ship owners must cut emissions by reducing the sulfur content in fuel to 0.5% from 3.5% under the rules, which are set by the United Nations’ International Maritime Organization (IMO), and come into effect in January. Euronav Ship Management SAS, with head office in Nantes in the South of Brittany, France and branch office in Antwerp, Belgium, is besides the traditional shipping activities, responsible for Euronav’s offshore projects and the management of vessels for the offshore industry. In order to do this, vessels need to cleaned ahead of IMO 2020, which involves days worth of preparations for each ship. [8][9], http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=EURN:BB, http://www.allaboutshipping.co.uk/2013/06/24/euronav-us-300-million-facility/, Oliereder Euronav koopt 15 mammoettankers van Maersk, Antwerp shipping company Euronav seals major takeover, https://en.wikipedia.org/w/index.php?title=Euronav&oldid=941274101, Companies listed on the New York Stock Exchange, Articles with dead external links from April 2019, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License, This page was last edited on 17 February 2020, at 16:29. The vessels and crews are in constant interaction with the shore staff through regular onboard visits, briefing and debriefing sessions upon joining or disembarking, modern communication means and conferences ashore as well as onboard or in-house training sessions.

At the time CMB was and continues to be controlled by the Belgian family Saverys.

Euronav is an international shipping enterprise which focuses on oil transport by sea. Euronav practices genuine performance planning and appraisal, training and development, and encourages promotion from within while also offering opportunities to competent professionals to join the Company. Ships switching to low sulfur fuel need ensure fuel tanks and related piping are cleaned of sludge and sediment that build up with high sulfur fuel, which could also contaminate the new cleaner fuel and potentially make the vessel non-compliant.

See here for a complete list of exchanges and delays. Click here to change Cookie Preferences. The new group will have a fleet of 75 tankers, including 44 VLCC's. Supplementary to its in house fleet management, Euronav cooperates with established Ship management organizations for a part of the fleet. Ship management Euronav manages in-house the majority of its fleet which comprises of crude oil carriers ranging from Suezmax to Very Large and V-Plus and FSO.

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