Euronav is an owner operator and manager of ocean going tankers dedicated to the safe and reliable transport of crude oil world wide. Euronav's Fleet is one of the youngest in the industry and is entirely double-hulled. Euronav manages its own fleet commercially, operationally and technically. Senior staff on board the vessels are directly employed by the Company. This gives assurance of continued quality performance to our standard and enhancement and preservation of our Fleet. Euronav can also supply and operate Floating, Storage and Offloading (FSO) vessels through conversion or newbuilding. Euronav is able to bring added value to its offshore projects through building supervision or construction, engineering and in-house management.
Almost all Euronav's vessels (V-Plus, VLCCs and Suezmaxes) are registered under the law and flag of Belgium, France or Greece. Our two FSOs are registered under the law and flag of Marshall Islands. Uniquely we are a pan-European company keeping tanker shipping dynamic forward looking and progressive across continental Europe. We and our predecessors in business have been carrying crude oil since before the Second World War and our employees and officers have a wealth of long service and experience in the business.
This combination of modern vessels and experienced staff has enabled us to achieve outstanding growth and profitability in an extremely competitive industry whilst continuing to enjoy and to enhance good relationships with customers.
We endorse corporate social responsibility and have values of fairness and responsibility embedded in our operating ethos. For Euronav, its employees, its customers and its shareholders safety, reliability and the environment are not just issues that matter a lot but issues that matter the most.
We are committed to continual improvement and review our assets, officers, staff and ways of working to deliver ever higher standards. We are open and transparent in our dealings. The 21st Century has laid down the challenge to the shipping industry to adapt and take its place in the modern globalised economy. We gladly accept the challenge.