Euronav boss Hugo De Stoop does not think any other owners will be able to get their hands on new tankers before 2025.

And he warned that shipowners thinking of trying to change yard options for container ships or bulkers into contracts for tankers face a tricky task.

Last month, the Belgian tanker giant secured very favourable delivery dates in the third quarter of 2024 for two future-fuel-ready suezmaxes at DH Shipbuilding in South Korea.