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home / news releases / EURN - Euronav NV: 'Excited' About A Declining Market For Tankers

EURN - Euronav NV: 'Excited' About A Declining Market For Tankers

Euronav NV
  • EURN is heavily exposed to spot tanker rates for VLCCs.
  • Those rates have collapsed.
  • Pandemic lockdowns are underway in Europe, and the virus is spreading in the U.S.
  • Rates are likely to remain under pressure for the foreseeable future.
  • EURN concedes oil demand will peak and tankers will be in decline, but is excited about its prospects.

For further details see:

Euronav NV: 'Excited' About A Declining Market For Tankers
Stock Information
Company Name: Euronav NV
Stock Symbol: EURN
Market: NYSE
Website: euronav.com
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