EURONAV

History

Since 1995, Euronav has been dedicated to the safe and reliable transport of crude oil worldwide. Over that period, the Company was able to innovate and continually adapt its strategy to the rapidly changing nature of the shipping markets and grew out to become the world’s largest, independent quoted crude tanker platform. Euronav shares are listed on Euronext Brussels (since 2004) as well as on the New York Stock Exchange (since 2015) under the ticker symbol ‘EURN’.

Shore history

  • 2021

    • Euronav continues fleet rejuvenation program with order of 3 new VLCC and 2 new Suezmax vessels from yards.
    • Euronav signed Joint Development Program with Hyundai Heavy Industries, and classification societies to accelerate the development of dual fuel Ammonia (NH3) fitted VLCC and Suezmax vessels.
    • Issue of new USD 200 million five-year bond ahead of 2017 issuance maturity in 2022.

  • 2020

    • Extension signed for ten years of two FSO contracts starting in Q3 2022.
    • Euronav returned over USD 85 million via share buy backs during the year.
    • Awarded B rating in first submission to CDP (Carbon Disclosure Project).

  • 2019

    • Expansion of bond offering from USD 150 million issued to USD 200 million in total on Oslo Stock Exchange.
    • Successful preparation and implementation of strategy ahead of IMO 2020 – delivery of an 85% reduction of Sulphur Oxide across global shipping.

  • 2018

    Euronav concludes the merger with Gener8 Maritime. The merger creates the leading independent large crude tanker operator in the world. 

  • 2017

    Euronav enters into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra Capital Partners Inc., a private equity partnership. The four VLCCs are the Nautilus, Navarin, Neptun and Nucleus. The transaction assumes a net en-bloc purchase price of USD 186 million.

  • 2016

    December - The Euronav joint venture with International Seaways has received a letter of award in relation to a contract for five years for the service of the FSO Africa and FSO Asia in direct continuation of the current contractual service.

     

  • 2015

    Euronav becomes the world’s largest, independent quoted crude tanker platform.

    January - The Company successfully concludes its IPO on the New York Stock Exchange. By listing on NYSE, the most reputable stock market in the world, Euronav ensures a greater visibility on the international market.

    June - The Singapore office opens to enhance the support services offered to Euronav’s vessels that frequently call Asian ports. In what turns about to be a transformational year, Euronav is awarded “Company of the Year” by Lloyd’s List.

    December - Mr. Carl Steen becomes Chairman of the Board. In addition to his leading role in banking, Mr. Steen has many years of experience on boards of publicly traded companies.

  • 2014

    The Company wins the Lloyd’s List “Deal of the Year Award” for the exceptional purchase of a fleet made of fifteen modern VLCCs in a deal worth USD 980 million.

  • 2009

    The TI Asia and TI Africa undergo an extensive conversion from V-plus to FSO. Both FSOs are currently still operating on the Al Shaheen field off shore Qatar.

  • 2008

    Maersk Oil Qatar AS awards two contracts for the provision of FSO services on the Al Shaheen field off shore Qatar. The award is made in favor of a joint venture between Euronav NV and Overseas Shipholding Group.

  • 2005

    Euronav acquires Tanklog, the tanker division of Ceres Hellenic the holding company of the Peter G. Livanos family. The fleet comprised of 16 Suezmax vessels and two Aframaxes. At the same time Tanklog becomes Euronav’s second largest shareholder. This alliance brings together the Saverys and Livanos families, both with deep roots in shipping that can be traced to the 1800s. Euronav Ship Management Hellas, the former ship management division of Tanklog, is integrated to manage the vessels acquired from Tanklog.

  • 2004

    Euronav demerges from CMB and starts trading on Euronext under the ticker EURN.

  • 2002

    Euronav NV becomes the owner of non-French flag tonnage in a further restructuration following to the emergence of Belgian tonnage tax.

    Euronav NV acquires Euronav Luxembourg in preparing the Euronav Group for the split from CMB and the eventual public listing on Euronext.

  • 2000

    Euronav forms a VLCC pool with other ship owners, the Tankers International Pool, which is still today the largest VLCC pool in the world and in charge of the spot trading of Euronav's VLCC fleet.

  • 1997

    Euronav becomes the tanker division of CMB. At that time, Euronav's vessels comprise Aframaxes, Suezmaxes and VLCCs both old and new.

  • 1995

    A joint venture under the name of Euronav Luxembourg SA is formed between Compagnie Nationale de Navigation (CNN) and Compagnie Maritime Belge (CMB) to consolidate all the tanker activities of CNN, its affiliates and subsidiaries.

  • 1989

    Euronav started doing business as a subsidiary of CNN (Compagnie Nationale de Navigation) under the name 'Euronav'.