Belgium’s Euronav has logged its best quarterly earnings since the second quarter of 2020 as rates and asset values rose.
The Brussels and New York-listed VLCC and suezmax owner said net profit was $234.7m in the three months to 31 December, against a loss of $72.2m in the same period a year ago.
The 2022 figure includes a capital gain of $96m from offloading six older VLCCs, a ULCC and four suezmaxes.
