The tanker owner said it would hand out a gross amount of $0.25 per share – or $39.8m - following its annual shareholders’ meeting in May, in a move tipped by analysts when it revealed its annual result in February.

Its new dividend policy is to distribute at least 80% of net results.

CEO Paddy Rodgers said: “2014 was a remarkable year for Euronav and we are delighted to share this success with shareholders at the first opportunity with a dividend in May and adoption of a new dividend policy”.

Euronav