- Value Investor's Edge Live continues with this latest episode focused on the crude tanker segment of the shipping industry.
- Hugo De Stoop, CEO of Euronav, a leading crude tanker firm with a fleet of more than 70 vessels joined us to discuss the oil transportation markets.
- Euronav enjoyed exceptional rates and surging cash flow throughout most of 2020, but is now transitioning through a challenging destocking phase with far weaker rates, likely to last through mid/late-2021.
- We review the overall crude tanker market dynamics as well as specifics related to Euronav's performance and capital allocation priorities into 2021.
- A full transcript is attached as well. Stay tuned for more in this series of shipping market updates over the coming weeks.
For further details see:
Euronav On The Crude Tanker Market Transition (Podcast Transcript)