EURN
- Euronav NV
()
Overview
Company Summary
Euronav NV, commonly known as EURN, is a Belgium-based international shipping company primarily engaged in the transportation and storage of crude oil. Established in 2004, Euronav operates one of the largest fleets of large crude oil carriers known as Very Large Crude Carriers (VLCC) and Suezmax vessels.
The company's core business is to charter its vessels to major oil companies, oil traders, and other shipping companies. By offering these vessels on a spot or long-term basis, Euronav facilitates the global transportation of crude oil from production areas to refineries and distribution points around the world.
Euronav's fleet is made up of modern and technologically advanced double-hulled vessels, which adhere to strict safety, environmental, and regulatory standards. These vessels enable the company to efficiently transport large volumes of crude oil across vast distances while minimizing the risk of oil spills and environmental damage.
Apart from transporting crude oil, Euronav is also involved in the storage of oil. The company operates floating storage and offloading (FSO) and floating production, storage, and offloading (FPSO) vessels. These vessels are used to temporarily store oil at sea before it is offloaded onto tankers or transported to onshore facilities.
In addition to its shipping and storage activities, Euronav also engages in vessel management and technical services. The company provides technical support ranging from crew management and maintenance to procurement and shipboard operations for its own fleet and third-party vessels.
Overall, Euronav plays a vital role in the global energy supply chain by ensuring a reliable and efficient transportation and storage infrastructure for crude oil, while upholding the highest safety and environmental standards in the industry.