Euronav is an integrated owner, operator and manager able to provide complete shipping services in addition to the carriage of crude oil on its fleet of modern large tankers. The crude oil seaborne transportation market is cyclical and highly volatile requiring flexible and pro-active management of assets in terms of fleet composition and employment.
Euronav increases exposure to the market through opportunistically entering the market by chartering vessels from other owners and tonnage providers whilst maintaining a core fleet of high quality owned or controlled tonnage. The Euronav core fleet has an average age of a little over 8 years.
Euronav operates its fleet both on the spot market and on the period tanker market. Most of its VLCCs and 1 V-Plus are operated in the Tankers International pool. Part of Euronav's Suezmax fleet is fixed on long term charter while another part is operated on the spot market by Euronav directly.
Suezmax trading routes