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

  • 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.

    June - Euronav announces the formation of Suezmax Chartering, a commercial joint venture with Diamond S Management LLC and Frontline Ltd. The aim of the joint venture is to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmax vessels, including newbuildings, operated on the spot market. 

  • 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'.


Fleet history

  • Fleet 2017

    On 10 January 2017 the naming ceremony for the two VLCC resales, the Ardeche and the Aquitaine took place at the Hyundai Samho yard in Mokpo, South Korea. Euronav took delivery of these on 12 January and on 20 January respectively.

  • Fleet 2016

    Euronav orders  two high specification Ice Class Suezmax vessels after signing two long-term time charter contracts of seven years each with Valero Energy Inc. for Suezmax vessels with specialised Ice Class 1C capability starting in 2018.

  • Fleet 2015

    Euronav acquires four VLCCs as resales of existing newbuilding contracts. Ever since, the Antigone, Alice, Alex and Anne are part of Euronav’s fleet.

  • Fleet 2014

    In January, Euronav acquires fifteen VLCCs. In June, Euronav acquires an additional four VLCCs. These purchases are made in the process of rejuvenating Euronav’s fleet and enhancing its operational strength.

  • Fleet 2008

    Euronav entered into a 50%/50% joint venture with JM Maritime to acquire three double hull Suezmaxes. Later that year, the company ordered a fourth double hull under the same joint venture agreement with JM Maritime. Euronav also buys two VLCCs of which in 2009 one order is converted into an en-bloc contract for two ice strengthened Suezmax tankers.

  • Fleet 2006

    In August, Euronav signed a contract with Geden, Turkey to acquire by resale two double hull Suezmaxes under construction. In October, Euronav orders two further Suezmaxes.

  • Fleet 2005

    After Euronav acquired Tanklog’s sixteen vessels, consisting of fourteen Suezmaxes and two Aframaxes, Tanklog becomes Euronav’s second largest shareholder.

  • Fleet 2004

    Euronav buys five Suezmaxes that become part of the ‘Ice Class Tankers’ series. They were built to withstand the harsh environmental winter conditions in the North Atlantic and the ice conditions of the Canadian waters.

  • Fleet 2000

    Euronav orders a series of six double hull VLCCs. This signaled the start of Euronav's focus on the larger ship size and the most modern assets.