Independent journal on economy and transport policy
09:01 GMT+1
This page has been automatically translated by Original news
Gasping beginning of year for the Belgian armament Euronav
The market - the company explains - is contingent on an excess of offer of ships not compensated from a sufficient increase of the question
April 19, 2011
In the first trimester of this year the economic performances of the shipowning society Belgian Euronav, that it has a fleet of property of 39 tankers, considerably have deteriotated regarding the correspondent period of 2010. In the first trimester of 2011 - it has explained the company - it is in the market of the Suezmax that in that of the VLCC the situation has been much birds and still is conditioned by the excess of offer of ships that is not compensated by a sufficient increase of the question.
Euronav clearly has archived item the first three months of 2011 with a profit of 19,2 million dollars on revenues for 111,3 million dollars, with decreases respective of 14.3% and 27.0% on the first trimester last year. The EBITDA is piled to 72,7 million dollars (- 13.7%) and the EBIT To 31,1 million dollars (- 24.7%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the first trimester of this year the economic performances of the shipowning society Belgian Euronav, that it has a fleet of property of 39 tankers, considerably have deteriotated regarding the correspondent period of 2010. In the first trimester of 2011 - it has explained the company - it is in the market of the Suezmax that in that of the VLCC the situation has been much birds and still is conditioned by the excess of offer of ships that is not compensated by a sufficient increase of the question.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
