In the Belgian operator’s first-quarterearnings report management noted levels slipped slightly in January but startedto gain traction a few weeks later.
“February 2014and March 2014 followed the same volatile trend due to a combination offactors, such as weather and uncertain tonnage lists,” the company continued.
“We believe, however, that there has been asignificant improvement compared to the first quarter of 2013 when the rateswere stable but low due to excess tanker capacity.”
Euronavacknowledged
