Euronav

There are usually more bulk ships on the high seas than cargoes for them to carry, ergo weak returns for vessel owners. Every once in a while, though, the balance tightens and an unexpected chain of events sends moribund freight rates through the roof. That's what just happened with very large...

Euronav (NYSE: EURN) reported a loss that was slightly lower than expected, despite the ongoing weakness in oil tanker rates. The tanker company expects demand and rates to rise toward the end of 2019. Euronav reported a net loss of $0.18 per share. The forecast from Wall Street analysts had been...