Both chairman Peter Livanos and deputy chairman Marc Saverys have sold some of their shares in the US listing hopeful.

Livanos, who took over as the company’s dominant investor last year, on Friday revealed a reduced 19,003,509 shares, a 14.50% holding.

It’s Livanos’s second pre-IPO reduction having cut his investment to 15.26% in December.

Paddy Rodgers, chief executive of Euronav, told TradeWinds after the previous sale: “We do not normally comment on the sale of shares in the company but in the case of the Livanos family they have a number of trusts who increase or decrease their shareholdings and or cash positions from time to time.

“As