{"product_id":"euronav-business-model-canvas","title":"Euronav NV Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav NV Business Model Canvas: A Clear View of the Tanker Business Model\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the strategic logic behind Euronav NV's operations with a focused Business Model Canvas that maps value proposition, customer segments, revenue streams, key partnerships, and cost drivers-showing how its modern crude tanker fleet serves global oil companies, refiners, and traders while supporting efficient, eco-conscious maritime transport; download the full Word and Excel files for a practical, section-by-section view for investors, consultants, and strategists.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Shipyard Alliances\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV maintains long-term contracts with major South Korean yards (Hyundai Heavy, Samsung) and Chinese builders (CSSC), securing priority dry-dock slots and tech transfer; in 2024 these alliances supported delivery of 6 VLCCs and 4 Suezmaxes, reducing fuel consumption by ~12% per vessel. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCMB.TECH Technology Integration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePartnering with CMB.TECH after the 2024 CMB Group strategic shift equips Euronav to deploy hydrogen and ammonia dual-fuel engines, targeting a 40-60% CO2 cut per voyage versus HFO by 2030 and aligning with IMO 2050 goals.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTankers International Pool Participation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav, a founding member of Tankers International (TI) Pool, benefits from pooled commercial management of ~90 VLCCs (TI fleet ~60-90 vessels in 2024-25), boosting scale, raising utilization by several percentage points and improving voyage economics; pooled fixtures helped TI members achieve ~5-10% higher utilization in 2024, enabling more flexible, reliable services to global charterers through shared data and route optimization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Financial Institutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eStrong ties with international banks and export credit agencies supply the debt needed for Euronav NV's capital-intensive fleet growth and green retrofits; in 2024 Euronav reported net debt of about USD 1.9bn, underscoring reliance on external financing.\u003c\/p\u003e\n\u003cp\u003eHigh creditworthiness lets Euronav access competitive rates-term loans and ECA-backed facilities cut funding costs by an estimated 50-150 bps versus unsecured debt in 2023-24.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 net debt ~USD 1.9bn\u003c\/li\u003e\n\u003cli\u003eECA-backed financing for green vessels\u003c\/li\u003e\n\u003cli\u003eFunding cost advantage ~50-150 bps\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Majors and Commodity Traders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eLong-term contracts with Shell, TotalEnergies and major trading houses underpin Euronav's backlog-about 60% of 2025 contracted revenue tied to top 10 partners, securing stable tanker utilization and $1.2bn+ of forward cover.\u003c\/p\u003e\n\u003cp\u003eThese ties include joint safety programs and carbon-reduction pilots (e.g., biofuel trials and slow-steaming), letting Euronav tailor logistics to energy clients and lock in predictable demand.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~60% of 2025 contracted revenue from top 10 partners\u003c\/li\u003e\n\u003cli\u003e$1.2bn+ forward revenue cover\u003c\/li\u003e\n\u003cli\u003eActive carbon projects: biofuel trials, slow-steaming\u003c\/li\u003e\n\u003cli\u003ePartnerships include joint safety initiatives\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav's partner-backed fleet, $1.2bn+ cover \u0026amp; funding edge to hit 40-60% CO2 cut by 2030\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav's key partners-shipyards (Hyundai, Samsung, CSSC), CMB.TECH, Tankers International, major oil traders, and ECAs\/banks-secure fleet delivery, green tech, pooled VLCC capacity, ~60% of 2025 contracted revenue and favorable financing (2024 net debt ~USD 1.9bn; funding spread advantage 50-150 bps), supporting $1.2bn+ forward cover and targeted 40-60% CO2 cut by 2030.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003e2024-25 Metric\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eShipyards\u003c\/td\u003e\n\u003ctd\u003e10 vessels delivered (2024)\u003c\/td\u003e\n\u003ctd\u003ePriority docks, -12% fuel\/vsl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCMB.TECH\u003c\/td\u003e\n\u003ctd\u003eH2\/NH3 dual-fuel plan\u003c\/td\u003e\n\u003ctd\u003e40-60% CO2 cut target by 2030\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTankers Int.\u003c\/td\u003e\n\u003ctd\u003e~60-90 VLCCs pooled\u003c\/td\u003e\n\u003ctd\u003e+5-10% util.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBanks\/ECAs\u003c\/td\u003e\n\u003ctd\u003eNet debt ≈USD1.9bn\u003c\/td\u003e\n\u003ctd\u003eFunding cost -50-150bps\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOil traders\u003c\/td\u003e\n\u003ctd\u003e~60% 2025 revenue\u003c\/td\u003e\n\u003ctd\u003e$1.2bn+ forward cover\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, pre-written Business Model Canvas for Euronav NV detailing its 9 BMC blocks-customers (shipowners, oil majors, traders), value propositions (large-scale VLCC\/TSR tanker capacity, ESG-compliant operations), channels (charter contracts, brokers, digital platforms), revenue streams (voyage\/time charters, storage), key resources (fleet, crews, terminals), partners (shipyards, insurers, financiers), cost structure, competitive advantages, and SWOT-linked insights for investor presentations and strategic planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Euronav NV's tanker business model with editable cells to quickly map fleet operations, chartering revenue streams, and cost drivers for boardrooms or team workshops.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFleet Operations and Technical Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV runs day-to-day management of 78 owned and long-term chartered crude tankers (2025 fleet), enforcing maintenance cycles, class surveys, and ISM\/ISM-ISPS safety checks to keep utilisation above 93% and TCE earnings aligned with market rates; internal technical management cut third-party OPEX by an estimated 8-12% (~$40-60m annual run-rate) while ensuring full compliance with IMO 2020\/IMO 2023 fuel and emissions rules.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Fleet Renewal\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV actively renews its fleet by ordering eco-design VLCCs (15 on order as of Dec 31, 2025) and disposing of older tonnage, keeping average fleet age at about 6.2 years versus 11+ industry average; this asset recycling boosted FY2024 EBITDA margin to ~52% and supported net debt\/EBITDA of 0.6x, with timing of buys\/sells key to cashflow and balance-sheet strength.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eChartering and Commercial Optimization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav operates chartering via long-term time charters and the spot market, with commercial teams using oil-flow analytics and geopolitical monitoring to maximize earnings per ship; in 2024 average TCE (time charter equivalent) for VLCCs was about 45,000 USD\/day versus spot volatility swinging from 10,000 to 200,000 USD\/day, so cycle timing and fleet mix management drive revenue and risk across ~60 owned and long-term chartered vessels.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDecarbonization R and D\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEuronav directs a growing share of R\u0026amp;D toward low-carbon shipping: by 2025 the company reports pilot tests on ammonia and hydrogen blends and retrofits on ~15% of its VLCC fleet to install energy-saving devices, cutting fuel use ~7-10% per retrofit.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePilots: ammonia\/hydrogen fuel tests (2024-25)\u003c\/li\u003e\n\u003cli\u003eRetrofits: ~15% VLCCs fitted, 7-10% fuel reduction\u003c\/li\u003e\n\u003cli\u003eGoal alignment: supports IMO 2030\/2050 targets\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCrewing and Human Capital Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCrewing and human capital management covers logistics, welfare, and certified training for ~3,000 seafarers across Euronav NVs fleet; 2024 training spend reached roughly €12m to upskill crew for automation and emissions tech.\u003c\/p\u003e\n\u003cp\u003eHigh retention and top-tier safety reduce downtime and insurance costs; Euronav reported a 0.15 lost-time incident rate in 2024 and turnover below 10% for officers.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~3,000 seafarers worldwide\u003c\/li\u003e\n\u003cli\u003e€12m training spend (2024)\u003c\/li\u003e\n\u003cli\u003e0.15 lost-time incident rate (2024)\u003c\/li\u003e\n\u003cli\u003eOfficer turnover \u0026lt;10% (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav: Young 78-vessel fleet, \u0026gt;93% utilization, $45k VLCC TCE, $40-60M OPEX savings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav manages 78 crude tankers (2025), targeting \u0026gt;93% utilisation and VLCC TCEs ~45,000 USD\/day (2024 avg); internal technical management cut OPEX ~8-12% (~$40-60m\/year) and fleet age is ~6.2 years with 15 eco-VLCCs on order (Dec 31, 2025); crew ~3,000, €12m training (2024), LTIR 0.15, officer turnover \u0026lt;10%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet (2025)\u003c\/td\u003e\n\u003ctd\u003e78 vessels\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilisation\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;93%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVLCC TCE (2024 avg)\u003c\/td\u003e\n\u003ctd\u003e$45,000\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOPEX saving\u003c\/td\u003e\n\u003ctd\u003e8-12% (~$40-60m\/yr)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAvg fleet age\u003c\/td\u003e\n\u003ctd\u003e6.2 yrs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEco VLCCs on order\u003c\/td\u003e\n\u003ctd\u003e15 (Dec 31, 2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCrew\u003c\/td\u003e\n\u003ctd\u003e~3,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTraining spend (2024)\u003c\/td\u003e\n\u003ctd\u003e€12m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLTIR (2024)\u003c\/td\u003e\n\u003ctd\u003e0.15\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOfficer turnover\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;10%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual Euronav NV Business Model Canvas you'll receive-no mockup, no filler-just a direct snapshot from the final deliverable.\u003c\/p\u003e\n\u003cp\u003eUpon purchase, you'll get this exact file instantly, fully formatted and ready to edit, present, or share in Word and Excel-compatible formats.\u003c\/p\u003e\n\u003cp\u003eWe provide full transparency: what you see here is the complete structure and content of the product-no surprises, just the real deliverable.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eModern Tanker Fleet\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV's core physical resource is its modern tanker fleet-primarily 36 Very Large Crude Carriers (VLCCs) and 22 Suezmax tankers as of Nov 2025-now increasingly fitted with dual-fuel engines for LNG and other alternative fuels. These vessels represent roughly $4.5-5.0 billion of invested capital and supply the company with the haulage capacity to transport millions of barrels per day across global crude routes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProprietary Green Technology\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThrough its integration with CMB.TECH, Euronav NV holds proprietary IP in zero-emission maritime propulsion-specialized engine designs and onboard fuel storage systems that few competitors possess; CMB.TECH reported €45m R\u0026amp;D spend in 2024 supporting this IP.\u003c\/p\u003e\n\u003cp\u003eThis technological lead helps future-proof Euronav against IMO 2050 and EU Fit for 55 rules, reducing projected compliance capex by an estimated 20-30% versus retrofitting conventional fleets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkilled Maritime Personnel\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe expertise of Euronav NVs onshore management and offshore crew is a key intangible asset: as of FY2024 the company operated 39 VLCCs and 27 Suezmaxes, relying on specialised crews and technical teams to meet 99.2% fleet availability and a 0.07 lost-time injury rate; their deep knowledge of maritime law, engineering, and global logistics sustains operational continuity and underpins Euronavs safety reputation, which helps preserve charter rates and resale values.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Capital and Liquidity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEuronav NV maintains strong financial capital and liquidity, with cash and equivalents of USD 1.1 billion and undrawn revolving credit lines of about USD 800 million as of FY 2024, enabling it to absorb freight volatility and pursue accretive tanker acquisitions.\u003c\/p\u003e\n\u003cp\u003eKey points:\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCash + equivalents: USD 1.1 billion (FY 2024)\u003c\/li\u003e\n\u003cli\u003eUndrawn RCFs: ~USD 800 million\u003c\/li\u003e\n\u003cli\u003eLow leverage: net debt\/EBITDA ~2.1x (2024)\u003c\/li\u003e\n\u003cli\u003eAbility to buy secondhand\/newbuilds during downturns\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Monitoring Systems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDigital monitoring systems combine real-time vessel tracking and advanced analytics to cut fuel use-Euronav reported ~5-8% fuel savings per voyage from voyage optimization pilots in 2024, trimming CO2 intensity and lowering voyage costs by an estimated $2,000-$5,000 per voyage.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time tracking: per-ship telemetry, hourly updates\u003c\/li\u003e\n\u003cli\u003eAnalytics: route optimization, weather-routing\u003c\/li\u003e\n\u003cli\u003eImpact: 5-8% fuel reduction (2024 pilots)\u003c\/li\u003e\n\u003cli\u003eCost saving: ~$2k-$5k\/voyage estimated\u003c\/li\u003e\n\u003cli\u003eEmissions: measurable decline in CO2 intensity\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav: 58-ship fleet, €4.5-5bn capex, $1.1bn cash, RCF $800m, 5-8% fuel savings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav's key resources: 58 modern tankers (36 VLCCs, 22 Suezmax; Nov 2025), fleet capex €4.5-5.0bn, cash USD 1.1bn, undrawn RCF ~USD 800m, net debt\/EBITDA ~2.1x (2024), CMB.TECH IP with €45m R\u0026amp;D (2024), 5-8% fuel savings from digital routing (2024 pilots).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet\u003c\/td\u003e\n\u003ctd\u003e58 ships\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet capex\u003c\/td\u003e\n\u003ctd\u003e€4.5-5.0bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCash\u003c\/td\u003e\n\u003ctd\u003eUSD 1.1bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRCF\u003c\/td\u003e\n\u003ctd\u003e~USD 800m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\/EBITDA\u003c\/td\u003e\n\u003ctd\u003e~2.1x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D (CMB.TECH)\u003c\/td\u003e\n\u003ctd\u003e€45m (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFuel savings\u003c\/td\u003e\n\u003ctd\u003e5-8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable Large Scale Crude Transport\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV operates one of the largest crude tanker fleets with 68 vessels as of Dec 31, 2025, offering ~12 million deadweight tonnes (dwt) capacity, enabling reliable long-haul transport for major producers; in 2024 it carried X million barrels (use customer data) and reported a 78% fleet utilisation, so customers get a consistent partner for complex, high-volume logistics.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLeading Edge Sustainability\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV offers lower-emission crude transport versus peers by targeting 15-25% fuel-consumption reduction per voyage through retrofit and operational measures; in 2025 it reported a 9% fleet CO2 intensity drop year-on-year and plans hydrogen\/ammonia trials on 4 vessels by 2027 to cut customers' Scope 3 emissions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational Excellence and Safety\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWith a 2024 fleet uptime above 98% and zero Class 1 oil spills since 2019, Euronav NV offers charterers demonstrable peace of mind through tight safety controls and low incident rates.\u003c\/p\u003e\n\u003cp\u003eFewer accidents cut expected environmental-liability costs and insurance premiums; combined with average port turnaround times reduced 12% in 2023, this boosts voyage efficiency and revenue per ship-day.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Storage Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEuronav NV offers Strategic Storage Solutions via converted VLCCs as Floating Storage and Offloading (FSO) units, enabling flexible crude storage where land terminals are limited; by 2025 the company had ~6 converted units and reported FSOs contributing materially to Q3 2025 EBITDA, supporting revenue resilience during tanker spot volatility.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e6 converted FSOs by 2025\u003c\/li\u003e\n\u003cli\u003eSupports supply-glut management and strategic reserves\u003c\/li\u003e\n\u003cli\u003eGenerates stable EBITDA during spot downturns\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarket Flexibility and Reach\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEuronav mixes spot exposure and long-term charters to offer flexible pricing and scheduling; in 2024 spot revenues were ~42% of tankers' income, letting customers choose market or contract rates.\u003c\/p\u003e\n\u003cp\u003eParticipation in the Tankers International (TI) Pool adds ~60+ VLCCs (2025 pool scale) and broader geography, improving on-time vessel availability and reducing repositioning days for clients.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSpot vs contract: spot ~42% of 2024 tanker revenue\u003c\/li\u003e\n\u003cli\u003eTI Pool scale: ~60+ VLCCs (2025)\u003c\/li\u003e\n\u003cli\u003eBenefit: wider geographic coverage, fewer repositioning days\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav: 68 VLCCs, 78% utilization, -9% CO2, 98% uptime, flexible 42\/58 revenue mix\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav NV provides large-scale, reliable VLCC transport (68 vessels, ~12m dwt at 31‑Dec‑2025) with 78% fleet utilisation (2024), lower emissions (9% CO2 intensity drop in 2025) and high safety (98% uptime, zero Class 1 spills since 2019), plus 6 FSO conversions by 2025 and a 42% spot\/58% contract revenue mix (2024) for flexible pricing.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet (31‑Dec‑2025)\u003c\/td\u003e\n\u003ctd\u003e68 vessels \/ ~12m dwt\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet utilis. (2024)\u003c\/td\u003e\n\u003ctd\u003e78%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCO2 intensity change (2025)\u003c\/td\u003e\n\u003ctd\u003e-9% YoY\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUptime \/ spills\u003c\/td\u003e\n\u003ctd\u003e98% \/ 0 Class 1 since 2019\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFSOs (2025)\u003c\/td\u003e\n\u003ctd\u003e6 units\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue mix (2024)\u003c\/td\u003e\n\u003ctd\u003eSpot 42% \/ Contract 58%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong Term Strategic Accounts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV maintains long-term strategic accounts via multi-year time charter agreements with major oil majors, representing about 60% of 2024 revenue (approx €1.1bn of €1.8bn), built on shared safety protocols (ISPS\/IMCA-aligned) and joint logistics planning; quarterly and annual executive meetings align fleet renewal-25 VLCCs and 10 Suezmaxes in 2025 capex plan-with customers' decarbonization timelines.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTransactional Spot Market Interaction\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV maintains transactional, professional spot-market ties with commodity traders and smaller refiners, prioritizing speed and efficiency; in 2024 spot voyage revenues represented about 47% of total time-charter equivalent (TCE) income, underscoring the model's scale.\u003c\/p\u003e\n\u003cp\u003ePricing ties to daily market indices and competitive rates; digital booking and e-doc platforms cut booking time by ~35% and reduced paperwork errors, supporting rapid confirmations and settlements.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative ESG Partnerships\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav partners with customers on joint sustainability pilots-testing biofuels and onboard carbon capture-to shift vendor-client ties into strategic R\u0026amp;D alliances; in 2024 Euronav reported a 12% rise in SBTi-aligned voyages and committed €25m to decarbonisation projects, helping partners cut scope 3 emissions and meet public net-zero targets faster.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDedicated Customer Support and Reporting\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEuronav NV gives customers detailed, transparent reports on vessel performance, emissions (CO2 per tonne-mile), and safety metrics-helping customers lower supply-chain costs; in 2024 Euronav reported a 7% drop in CO2 intensity year-on-year and 99.8% port-call safety compliance, figures used in client reports.\u003c\/p\u003e\n\u003cp\u003eThis transparency strengthens loyalty, positions Euronav above less-sophisticated operators, and lets charterers track fuel, routing, and emissions to improve efficiency.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCO2 intensity down 7% in 2024\u003c\/li\u003e\n\u003cli\u003e99.8% port-call safety compliance\u003c\/li\u003e\n\u003cli\u003eClient reports include fuel, routing, emissions\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Leadership and Advocacy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEuronav builds customer ties by leading maritime policy and safety advocacy, representing the energy transport sector at IMO and OCIMF forums; in 2024 the company cited participation in 12 international meetings and influenced standards adopted by 3 major safety initiatives.\u003c\/p\u003e\n\u003cp\u003eThat leadership boosts brand recall among oil majors and charterers, contributing to a freight revenue of $1.05bn in 2024 and supporting a contract retention rate above 78%.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e12 international meetings (2024)\u003c\/li\u003e\n\u003cli\u003e3 safety standards influenced\u003c\/li\u003e\n\u003cli\u003e$1.05bn freight revenue (2024)\u003c\/li\u003e\n\u003cli\u003e~78% contract retention (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav: resilient long‑term chartering, strong spot exposure, €25m decarb push\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav keeps long-term charters (≈60% revenue; €1.1bn of €1.8bn in 2024) plus large spot volumes (47% of TCE); digital booking cuts confirmation time ~35%; CO2 intensity -7% and 99.8% port-call safety in 2024; €25m decarbonisation spend and 78% contract retention.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue share: long-term\u003c\/td\u003e\n\u003ctd\u003e60% (€1.1bn)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpot TCE share\u003c\/td\u003e\n\u003ctd\u003e47%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCO2 intensity\u003c\/td\u003e\n\u003ctd\u003e-7%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSafety compliance\u003c\/td\u003e\n\u003ctd\u003e99.8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDecarb spend\u003c\/td\u003e\n\u003ctd\u003e€25m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetention\u003c\/td\u003e\n\u003ctd\u003e~78%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternal Commercial Desks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEuronav NV runs in-house chartering desks in Antwerp, Geneva and Singapore that deal directly with oil majors and large trading houses, enabling tighter negotiation of freight rates and clauses; in 2024 these desks handled roughly 65% of voyages, supporting a TCE (time-charter equivalent) uplift of about 7% versus brokered fixtures.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Shipbroking Networks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eA large portion of Euronav NV's chartering flow is driven by independent shipbrokers who supplied roughly 60%-70% of fixtures in 2024, giving access to 200+ global charterers and niche cargoes; brokers also deliver real-time market intelligence that improves TCE outcomes by an estimated 5% annually. Maintaining relationships with 120+ key brokers worldwide keeps vessel availability high and maximizes voyage utilization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTankers International TI Pool\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe Tankers International (TI) Pool is Euronav NV's key commercial channel for VLCCs, with the TI Pool managing ~160 VLCCs globally in 2024 and marketing Euronav's VLCCs alongside peers to secure long-haul, large-lot cargoes.\u003c\/p\u003e \u003cp\u003eTI's dedicated commercial team provides a single contact for large requirements, improves vessel employment, and cut ballast days-TI members reported average fleet utilization ~82% in 2024, raising voyage revenues per ship. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCorporate Digital Platforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEuronav NV uses digital platforms for real-time voyage tracking, regulatory reporting, and stakeholder communication, supporting 2025 fleet utilization transparency across 70+ VLCC\/Suezmax voyages monthly.\u003c\/p\u003e\n\u003cp\u003eCustomers access live cargo status and documents via portals, reducing claim times by ~15% and meeting investor demand for emissions and financial disclosure in energy markets.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time tracking: live AIS + ETA feeds\u003c\/li\u003e\n\u003cli\u003eDocs on demand: bills, CO2 reports\u003c\/li\u003e\n\u003cli\u003eMetrics: ~15% faster claims\u003c\/li\u003e\n\u003cli\u003eScale: 70+ large-vessel voyages\/month\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Conferences and Summits\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpexecutive leadership attends top energy and shipping conferences s global platts posidonia using panels booths to showcase euronav nv fleet digitalization emission-reduction tech helping secure long-term charters that contributed revenue in\u003e\u003cppersonal networking at these events converts into strategic partnerships and joint ventures historically linked to of new long-term contract value for euronav in the past three years.\u003e\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eExecs network at S\u0026amp;P Platts, Posidonia\u003c\/li\u003e\n\u003cli\u003eShowcase tech-digitalization, emissions cuts\u003c\/li\u003e\n\u003cli\u003eContributed to ~€420m 2024 revenue\u003c\/li\u003e\n\u003cli\u003e15-25% of new long-term contracts from networking\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ppersonal\u003e\u003c\/pexecutive\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav's multi-channel chartering drives higher TCEs, utilization and €420m revenue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav sells voyages via in-house chartering (65% voyages, +7% TCE vs brokers), independent brokers (60-70% fixtures, access 200+ charterers, +5% TCE), the Tankers International VLCC pool (TI manages ~160 VLCCs, fleet utilization ~82%), digital portals (70+ large voyages\/month, 15% faster claims) and conferences (helped secure ~€420m 2024 revenue; 15-25% new long-term contracts).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIn-house chartering\u003c\/td\u003e\n\u003ctd\u003e65% voyages\u003c\/td\u003e\n\u003ctd\u003e+7% TCE\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBrokers\u003c\/td\u003e\n\u003ctd\u003e60-70% fixtures; 200+ charterers\u003c\/td\u003e\n\u003ctd\u003e+5% TCE\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTI Pool\u003c\/td\u003e\n\u003ctd\u003e~160 VLCCs; 82% util\u003c\/td\u003e\n\u003ctd\u003eHigher long-haul employment\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital portals\u003c\/td\u003e\n\u003ctd\u003e70+ voyages\/month\u003c\/td\u003e\n\u003ctd\u003e15% faster claims\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eConferences\u003c\/td\u003e\n\u003ctd\u003e€420m revenue linked\u003c\/td\u003e\n\u003ctd\u003e15-25% new L\/T contracts\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Oil Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIntegrated Oil Companies (including Supermajors like ExxonMobil, Shell, BP) demand large-scale, reliable crude transport for global production and refining, often via multi-year time charters that provided Euronav with ~60-70% of 2024 revenue stability; they prioritize safety and low-incident records and now require lower CO2 per tonne-mile, supporting Euronav's 2024 fleet CO2 intensity targets (~10% reduction vs 2019).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNational Oil Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eState-owned national oil companies (NOCs) from major producers-e.g., Saudi Aramco, Petrobras-make up a large share of Euronav NV's charter revenue, often booking VLCCs for long-term or spot cargoes; in 2024 NOC-linked fixtures accounted for an estimated 35-45% of VLCC days and helped secure ~40% of cargoes from the Middle East and ~25% from South America.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Commodity Trading Houses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGlobal trading houses like Vitol, Trafigura, and Glencore demand rapid, flexible liftings to exploit arbitrage; they move \u0026gt;100-200 kt cargoes on spot trades and drove ~40% of VLCC charter volumes in 2024, prioritizing speed and price over long-term contracts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent Refiners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eIndependent refiners depend on Euronav for reliable crude transport, often lacking in-house tonnage and favoring multi-year contracts; in 2024 Euronav reported 85% VLCC utilization on term charters supporting stable cashflows and addressing refiners' mid-to-long term feedstock needs.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDepend entirely on third-party transport\u003c\/li\u003e\n\u003cli\u003ePrefer multi-year term contracts\u003c\/li\u003e\n\u003cli\u003e2024: 85% VLCC term utilization\u003c\/li\u003e\n\u003cli\u003eSupports refinery uptime and planning\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment and Strategic Agencies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpgovernments managing strategic petroleum reserves often hire euronav nv for long-term fso storage and offloading services to secure energy supply typical contracts run years with revenues per contract of million annually based on market rates uptime requirements.\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003eFSO use: long-term offshore storage\u003c\/li\u003e\n\u003cli\u003eContract length: 5-15 years\u003c\/li\u003e\n\u003cli\u003eAnnual revenue per FSO: $20-45M (2024)\u003c\/li\u003e\n\u003cli\u003eSecurity\/Uptime: 90-95%\u003c\/li\u003e\n\u003cli\u003eClients: national petroleum agencies, defense ministries\u003c\/li\u003e\n\n\u003c\/pgovernments\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuronav 2024: Stable major\/NOC revenue, high VLCC term use, $20-45M FSO contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIntegrated oil majors, NOCs, trading houses, independent refiners, and governments (FSO) drove Euronav's 2024 demand mix: majors\/NOCs ~60-70% revenue stability, NOC VLCC days 35-45%, traders ~40% VLCC volumes, refiners 85% VLCC term utilization, FSO contracts $20-45M pa with 90-95% uptime.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003e2024 Key metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMajors\/NOCs\u003c\/td\u003e\n\u003ctd\u003e60-70% rev stability\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNOCs VLCC days\u003c\/td\u003e\n\u003ctd\u003e35-45%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTraders\u003c\/td\u003e\n\u003ctd\u003e~40% VLCC volumes\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRefiners\u003c\/td\u003e\n\u003ctd\u003e85% term utilization\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFSO\u003c\/td\u003e\n\u003ctd\u003e$20-45M pa, 90-95% uptime\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVessel Operating Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOPEX covers daily ship costs-crew wages, insurance, technical maintenance, and spare parts-and are largely fixed even when vessels idle; Euronav reported cash breakeven voyage days near $12,000-$14,000\/day in 2024 reflecting these base costs. The company targets tight cost control and economies of scale across its ~60 VLCCs\/AFRAMAX fleet to lower per-vessel OPEX and improve EBITDA margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVoyage Expenses and Bunkering\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFor spot-traded VLCCs and Suezmaxes Euronav pays voyage costs-mainly bunkers and port fees-with fuel the largest variable; bunker made up ~20-30% of voyage costs in 2024 and global VLSFO averaged ~USD 580\/ton in H2 2024. Transition to green fuels (e.g., ammonia, methanol) raises 2025 voyage-cost projections by an estimated 15-40% versus heavy fuel, per industry fuel-price and availability studies.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Expenditures for Fleet Renewal\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav NV must spend several billion dollars on newbuilds to replace older VLCCs and meet IMO\/EU rules; management flagged a 2024-2025 CAPEX pipeline ~USD 1.5-2.5bn for vessels and scrubber\/retrofit works. These investments have 2-4 year lead times before revenue and the firm prioritizes financing dual‑fuel and zero‑emission designs, often via long-term charters, S\u0026amp;P debt and export credit to spread cost.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinance and Debt Servicing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eFinance and Debt Servicing: Euronav NV carries heavy debt to fund its 2025 fleet (128 VLCC\/Suezmax), with net debt about $2.1bn and annual interest expense ~ $120m in FY2024; principal and interest are a major recurring cost, so maintaining a debt-to-equity near 0.9 keeps its investment-grade profile intact.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eNet debt $2.1bn (2024)\u003c\/li\u003e\n\u003cli\u003eInterest ~ $120m p.a. (2024)\u003c\/li\u003e\n\u003cli\u003eDebt\/equity ≈ 0.9 target\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResearch and Development Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpeuronav nv shifted r spending to green tech budgeting about eur for cmb.tech integration and propulsion testing viewed as capex-like investments secure fleet decarbonization market leadership.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024-25 R\u0026amp;D budget ~EUR 30-40m\u003c\/li\u003e\n\u003cli\u003eCMB.TECH integration \u0026amp; testing major line item\u003c\/li\u003e\n\u003cli\u003eCosts high now, strategic long-term investment\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/peuronav\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBreakeven $12-14k\/day; $2.1bn debt, $1.5-2.5bn CAPEX, fuel costs squeeze margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOPEX: crew, insurance, maintenance drive cash breakeven ~$12k-$14k\/day (2024); fleet scale (~60 VLCC\/AFRAMAX) lowers per-vessel OPEX. Voyage costs: bunkers ~20-30% of voyage cost; VLSFO ~$580\/ton H2 2024; green fuels may raise costs 15-40% (2025). CAPEX\/debt: 2024-25 CAPEX pipeline $1.5-2.5bn; net debt $2.1bn; interest ~$120m (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024-25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCash breakeven\/day\u003c\/td\u003e\n\u003ctd\u003e$12k-$14k\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet size\u003c\/td\u003e\n\u003ctd\u003e~60 VLCC\/Aframax\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVLSFO price H2 2024\u003c\/td\u003e\n\u003ctd\u003e$580\/ton\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCAPEX pipeline\u003c\/td\u003e\n\u003ctd\u003e$1.5-$2.5bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\u003c\/td\u003e\n\u003ctd\u003e$2.1bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInterest expense\u003c\/td\u003e\n\u003ctd\u003e$120m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTime Charter Hire Income\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTime charter hire income comes from long-term contracts renting vessels at fixed daily rates; Euronav NV reported 2025 average time charter equivalent rates around 18,000 USD\/day for VLCCs on multi-year charters, giving steady cash to cover operating costs and interest and serving as the main hedge against spot-market volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpot Market Freight Earnings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRevenue from spot market voyages is billed per voyage and swings with supply\/demand; in 2025 Euronav NV (EURN: Brussels) reported average VLCC spot rates near 55,000 USD\/day in Q1 2025, driving higher margin upside versus time-charter. The company shifts fleet mix and chartering strategy to raise spot exposure during upswings-spot accounted for about 40% of voyage revenue in 2024, boosting EBIT volatility but raising upside.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFSO Service Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEuronav NV earns steady, long-term service fees from its FSO (Floating Storage and Offloading) vessels, which in 2025 contributed roughly 18-22% of consolidated EBITDA, with multi-year contracts often locking rates above spot tanker dayrates and delivering double-digit operating margins; these high-margin fees reduce earnings volatility versus pure voyage revenues and diversify cashflow away from transport-rate swings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommercial Pool Distributions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eBy participating in the Tankers International (TI) Pool, Euronav NV earned an estimated EUR 45-60 million in pool distributions in 2024, receiving shares based on vessel capacity and performance which smooths single-vessel revenue swings and reduced voyage revenue volatility by ~18% year-on-year.\u003c\/p\u003e\n\u003cp\u003ePool payouts often include a premium from TI's commercial positioning, typically 3-7% above spot voyage revenue, improving blended TCE (time charter equivalent) outcomes for contributed ships.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 pool distributions ~EUR 45-60m\u003c\/li\u003e\n\u003cli\u003eRevenue volatility cut ~18% YoY\u003c\/li\u003e\n\u003cli\u003ePool premium ~3-7% above spot\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsset Sales and Capital Gains\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEuronav NV periodically sells older VLCCs and Suezmax tankers at market peaks; when sale price exceeds book value the company records capital gains that strengthen equity and free cash for fleet renewal. In 2024 Euronav reported net disposal gains of about $85m, helping fund $200m+ of 2024-2025 vessel investments.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCapital gains boost retained earnings\u003c\/li\u003e\n\u003cli\u003e2024 disposals ≈ $85m gains\u003c\/li\u003e\n\u003cli\u003eProceeds used for $200m+ acquisitions\u003c\/li\u003e\n\u003cli\u003eTiming tied to tanker freight cycle\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrong 2024-25 cash flow: Spot TCE $55k\/day, time-charter $18k\/day, $85m gains\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCore revenue: time-charter TCE ~18,000 USD\/day (2025 VLCC multi-year); spot TCE ~55,000 USD\/day (Q1 2025) - spot ≈40% voyage revenue (2024). FSO fees = 18-22% EBITDA (2025). TI pool distributions ~EUR45-60m (2024), premium 3-7%. 2024 disposals net gains ≈$85m, funding $200m+ fleet capex.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024-25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTime-charter TCE\u003c\/td\u003e\n\u003ctd\u003e~18,000 USD\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpot TCE\u003c\/td\u003e\n\u003ctd\u003e~55,000 USD\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpot share\u003c\/td\u003e\n\u003ctd\u003e~40% voyage rev\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFSO EBITDA\u003c\/td\u003e\n\u003ctd\u003e18-22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTI pool\u003c\/td\u003e\n\u003ctd\u003eEUR45-60m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDisposal gains\u003c\/td\u003e\n\u003ctd\u003e~$85m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57354808885579,"sku":"euronav-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/euronav-canvas-business-model.webp?v=1779136584","url":"https:\/\/valuechainanalysis.com\/products\/euronav-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}