The tanker market is greeting 2017 with expectations of a first-half trough in valuations and weakening rates — but that has not stopped Belgium’s Euronav from starting the New Year with a bang.
The New York-listed owner announced major back-to-back financing initiatives: a $198m sale-leaseback deal and a $410m debt refinancing. Together, they boosted liquidity and demonstrated financial muscle.
TradeWinds caught up with Euronav chief financial officer Hugo De Stoop this week to explore what led to the flurry of activity.
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