Analysts believe strong shipping markets will ensure Euronav’s massive newbuilding programme is fully funded.
The Belgian shipowner, which is gearing up to be rebranded CMB.Tech, said in its second-quarter results that $2.7bn remains to be paid for 50 newbuildings including tankers, bulkers and container ships.
Clarksons Securities said that despite increasing time charter coverage, the Saverys family company remains dependent on crude tanker and dry bulk markets, as most earnings days remain open.
