New York-listed tanker owner Euronav is planning to use profits from vessel sales to reduce debt and renew its fleet.
This is according to US investment bank Jefferies, whose analysts have held a series of meetings with the company's management.
The Belgian tanker owner is the latest shipowner to come under the Jefferies microscope.
In a punning note entitled "Euronav = You're a NAV", analysts Randy Giveans, Christopher Robertson and Chadd Tribo said Euronav bosses told them that cash from disposing of older...
