Euronav has the firepower to add up to 20 VLCCs, Clarksons Platou Securities believes.
New York-listed Euronav spent $980m on 15 VLCCs from Maersk Tankers in early 2014 and added more tonnage in multiple deals through until late 2016.
It has since boosted its balance sheet and diversified its funding sources and now has around $400m to use as equity in a transaction, according to analysts Frode Morkedal and Herman Hildan.
