Euronav has bought back more of its shares, pushing up the controlling Saverys family’s holding.

The VLCC and suezmax specialist said it had spent €36.7m ($39.5m) on the Brussels-listed stock and $3.25m on the New York Stock Exchange.

Adjusted for treasury shares, the Saverys’ private shipping company Compagnie Maritime Belge (CMB) now has 90.91%