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Euronav NV (EURN) operates a large fleet of VLCC and Suezmax tankers and is 50% owner of FSO's Asia and Africa. Most ships operated in the spot market, but some are on fixed time charter, including the FSO's. During the first quarter, the company almost doubled the amount of fixed time charter, going from 10% of the fleet to 19%. During the conference call, CEO Hugo De Stoop commented:
It is important to know that when we take a decision to fix the ship for a 6-months time charter, we will always