Crude tanker consolidator-in-chief Euronav believes asset prices are already beyond the point in the cycle where major deals would be attractive.
Euronav merged with Gener8 Maritime last year and bought the Maersk Tankers VLCC fleet in 2014 at what chief executive Hugo De Stoop described as the bottoms of the respective cycles.
De Stoop believes tanker prices have been on the rise since the Gener8 transaction closed and stressed smaller deals were still a possibility.
