Euronav On The Crude Tanker Market Transition (Podcast Transcript)

Hugo De Stoop, CEO of Euronav joined J Mintzmyer's Value Investor's Edge Live on Nov. 10, 2020, to discuss the crude tanker markets and forward opportunities and capital allocation priorities for Euronav. 

Topics Covered

  • (1:30) Latest market views, signs of optimism?
  • (5:40) Demolition dynamics? Chance of increased scrapping?
  • (8:50) Older vessels still selling? Economics of trading?
  • (12:20) Reduced scrapping due to over-optimism?
  • (17:30) Capital allocation priorities now?
  • (21:30) Internal calculations/logic for share repurchases vs. growth?
  • (24:30) Review of ULCCs and older Suezmaxes?
  • (29:50) FSO joint venture, economics and refinancing?
  • (35:40) Which assets are most attractive to buy today?
  • (38:10) How much of the $1.2B is required buffer?

You can listen to the podcast here

Extra information about this article

Title Euronav On The Crude Tanker Market Transition (Podcast Transcript)
Source https://seekingalpha…
Author Mintzmyer J
Date 01-12-2020