Antwerp-based Euronav has reported more big losses as it bemoaned the effect of the Omicron variant on tanker demand.

The New York and Brussels-listed VLCC and suezmax owner finished the fourth quarter with a net deficit of $72.6m. It logged a $58.2m loss in the same period of 2020.

The owner has reclassified certain cost elements in its accounts, leading to revenue being reported at $117m, down from a restated $134.2m